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CINCINNATI — David Taylor, Procter & Gamble Co.’s group president of global beauty, grooming and health care, has been chosen to succeed A.G. Lafley as the company’s president and chief executive officer on November 1, at which point Lafley will become executive chairman.
David Taylor, Procter & Gamble Co.’s group president of global beauty, grooming and health care, has been chosen to succeed A.G. Lafley as the company’s president and chief executive officer on November 1, at which point Lafley will become executive chairman.
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| David Taylor |
Since joining P&G in 1980, Taylor is credited with helping build many of the consumer packaged goods supplier’s core businesses, including baby care, family care, hair care and home care. Before taking on his current post, Taylor ran the family care and home care businesses, both of which generated consistent double-digit profit gains and mid-single-digit sales increases during his tenure.
"David is a proven leader who has the experience and track record of delivering results," says Jim McNerney, lead director of the company’s board. "He has a broad understanding of P&G’s business, having worked on several categories in multiple regions around the world. He has helped build many of the company’s most successful brands and businesses. The board is confident that David will lead P&G to execute the company’s strategies to win with customers, and improve shareholder value."
Taylor has worked closely with Lafley, who was P&G’s CEO from 2000 to 2009, and came out of retirement in 2013 to return to that role, on tightening the focus of the supplier’s business and brand portfolio. The strategic review has led to the divestiture of many brands, most recently some major names in the beauty category.
"I am honored to serve as P&G’s CEO," Taylor notes. "I believe in the power of P&G people, brands, products and values. P&G is transforming to be a faster-growing, more profitable company. I am committed to those strategies, and look forward to leading the people of P&G to win with consumers, drive growth and create shareholder value."
As executive chairman, Lafley will head P&G’s board and advise Taylor and other members of the management team on strategic and organizational decisions.
