On 29 July 2015 Procter & Gamble (P&G) has appointed its company veteran David Taylor as new CEO by replacing A G Lafley . However, A G Lafley the existing CEO who has led the P&G from 2000 will remain as the chairman of the company.The world’s largest household products maker P&G has appointed new CEO in wake of sluggish sales in developed countries.And recently P&G also announced to sell off its 40 plus brands to the perfume maker Coty Inc. for USD 12.5 billion.
About P&G new CEO David Taylor:
- David Taylor is with the P&G for last 35 years.
- David had joined P&G in 1980. He has been the group president for global health & grooming business since 2013 and has served the company as in managerial role across the country.
About Procter & Gamble (P&G):
- P&G world’s largest American multinational consumer goods-maker company based at Cincinnati(U.S).
- It was initiated by two British business men William Procter and James Gamble in 1837.
- Presntly it has over 23 Billion Dollar Brands that serves nearly Five billion people around the world.
- P&G world famous brands are Gillette, Olay, Ariel, Oral-B, Head & Shoulders, Tide, Pampers, Vicks, Whisper, Pantene etc.
David Taylor appointed as a new CEO of P&G
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