Procter & Gamble Announces Organizational Changes
CINCINNATI, July 15, 2008 /PRNewswire-FirstCall/ -- The Procter & Gamble Company (NYSE: PG) today announced the following organizational changes:
-- James R. Stengel (53), global marketing officer, will retire effective October 31, 2008, after 25 years of service. Until that time, effective August 1, 2008, Mr. Stengel will work on special projects and the transition, continuing to report to Robert A. McDonald, chief operating officer.
-- Marc S. Pritchard (48), currently president - strategy, productivity and growth, has been elected global marketing officer, effective August 1, 2008, reporting to Robert A. McDonald.
"Jim Stengel has reinvigorated P&G's marketing function and strengthened P&G's capability as one of the world's leading brand builders," said A.G. Lafley, P&G's chairman of the board and chief executive officer. "Jim has helped change the way P&G markets our brands by challenging traditional marketing models and setting new standards for P&G marketing rooted in deep consumer understanding."
On Pritchard's appointment, Mr. Lafley said: "Marc Pritchard is the right leader at the right time to take P&G marketing into the future. He's a committed brand builder with more than 25 years experience and a proven track record of leadership results. He's worked side-by-side with Jim Stengel for the past two years to strengthen P&G's brand-building capability and his deep knowledge and experience in branding, innovation and go-to-market capability will enable him to drive ongoing brand-building excellence."
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R), Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R), Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), and Braun(R). The P&G community consists of 138,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.
SOURCE The Procter & Gamble Company
CONTACT: Paul Fox, Corporate Media Relations, of The Procter & Gamble Company, +1-513-884-2592, firstname.lastname@example.org
3826 07/15/2008 13:32 EDT http://www.prnewswire.com
Posted: July 2008