Lafley leaves P&G

By Deanna Utroske

- Last updated on GMT

Lafley leaves P&G

Related tags Company press release President

After 12 years as chairman of the board for the multinational consumer goods company, A.G. Lafley is leaving the post again. His successor will take over next month, and P&G hopes things move ahead smoothly.

The company’s current CEO David Taylor will become chairman of the board on July 1. The first time Lafley stepped down (in 2009, after 9 years in the seat) Bob McDonald was his successor.

Lafley returned as chairman in 2013 “after investors lost confidence in [McDonald],”​ as the Cincinnati Business Courier reports.

Thanks for that

Lafley got his start with P&G in 1977 and held several roles on the home care side of the business and subsequently regional leadership roles in the Far East, Asia, and then North America. In 1999 he became president for Global Beauty Care and North America; all this before serving as executive chairman, president, and CEO of the company.

Taylor is grateful for the work his predecessor has done for the company: “I want to recognize and thank A.G. for his legacy of leadership at P&G,” ​he says in a company press release about the leadership changes. “Over the past three years in particular, A.G. was instrumental in leading our strategic, leadership and cultural transformation, rationalizing our portfolio, instituting a productivity mindset, and building our global leadership team.”

And it seems like that he’ll be long remembered for streamlining the P&G portfolio down to just 65 brands. “We are now better positioned for the long term to address both the challenges and opportunities before us,” ​says Taylor.

Moving on up

Taylor joined the company only 3 years after Lafley did and has held numerous roles in hair care, family care, baby care, and beauty. The company press release highlights the fact that both family care and home care “delivered consistent double-digit profit and mid-single-digit sales growth under his leadership.”

While no clear strategy has been outlined publically by the new chair, it appears as if P&G and its stakeholders are hoping that Taylor continues Lafley’s style of leadership. “Taylor and Lafley have worked closely together in the past year on the Company’s strategy to strengthen and focus P&G’s business and brand portfolio,” ​submits the release.

Related news

Show more

Related products

show more

Exosomes: Passing Trend or Transformative Reality?

Exosomes: Passing Trend or Transformative Reality?

Content provided by Naolys | 26-Mar-2024 | White Paper

Exosomes, microscopic vesicles naturally present in abundance within Plant Cells, have garnered significant attention within the scientific and cosmetic...

How Nutricosmetics Can Enhance Skin Beauty

How Nutricosmetics Can Enhance Skin Beauty

Content provided by Activ'Inside | 11-Dec-2023 | White Paper

In the ever-evolving realm of nutricosmetics, where inner wellness meets outer beauty, few natural ingredients have captured the spotlight quite like grapes.

Ultimate Antimicrobial Solution for BPC

Ultimate Antimicrobial Solution for BPC

Content provided by Acme-Hardesty Company | 11-Oct-2023 | White Paper

Sharomix™ EG10, a versatile broad-spectrum antimicrobial liquid blend for preserving personal care products, ensures safety at usage levels ranging from...

Acme-Hardesty Expands Product Line into Canada

Acme-Hardesty Expands Product Line into Canada

Content provided by Acme-Hardesty Company | 07-Jul-2023 | Product Brochure

Acme-Hardesty’s latest expansion into Canada includes Resplanta®, Botaneco®, and BYK from our partners Sharon Personal Care and Eckart Effect Pigments...

Related suppliers