P&G appoints Jon R. Moeller as President and Chief Executive Officer

Mr Taylor will lead the Board of Directors and provide advice and counsel to the CEO and P&G leadership on Company decisions

The Procter & Gamble Company has announced that Jon R. Moeller, Vice Chairman and Chief Operating Officer, will succeed David Taylor as Procter & Gamble’s President and Chief Executive Officer, effective 1 November 2021.

Mr Moeller has been appointed to the Company’s Board of Directors. On 1 November 2021, David Taylor will become Procter & Gamble’s, Executive Chairman. In this role, Mr Taylor will lead the Board of Directors, and provide advice and counsel to the CEO and P&G leadership on Company decisions.

James McNerney, Lead Director of P&G’s Board, said, “We thank David for his strategic leadership and guidance over the last six years as the Company has returned to consistent balanced growth and value creation. A strong plan for sustained success is in place and the Board unanimously agrees that now is the time to transition to Jon as CEO. We are fortunate and grateful to have David continue as Executive Chairman.”

Mr McNerney expressed the Board’s confidence in Jon Moeller. “Jon has been an integral part of P&G’s leadership team for well over two decades, helping develop the strategies that P&G people are executing with excellence to drive P&G’s growth and value creation. He is an outstanding leader, and the Company will benefit from his ongoing leadership to build on the strong momentum he has helped create over the last few years.”

Mr Moeller joined P&G in 1988. He has been a member of P&G’s global leadership team since 2009, serving as Chief Financial Officer, Chief Operating Officer, and Vice-Chairman. Throughout his career, he has held various senior leadership roles in categories, sectors, regions, and helped build several of P&G’s core businesses. Mr Moeller played a pivotal role in designing and implementing P&G’s portfolio, superiority, productivity and organisation design strategy, as part of one of the most significant transformations in the Company’s history.

“I am honoured to serve as P&G’s CEO,” said Mr Moeller. “My confidence in the future is rooted in my confidence in P&G people. They are committed to lead, motivated to win, and have a strong focus on sustained excellence in everything we do—serving consumers and delivering for shareholders through an integrated strategy that is delivering balanced growth and value creation.”

In addition, Shailesh Jejurikar has been elected Chief Operating Officer, effective 1 October 2021. Mr Jejurikar will report to Mr Moeller and his successor will be announced at a later date. He currently serves as the Chief Executive Officer of the Company’s Fabric & Home Care sector, P&G’s largest business unit, which has consistently delivered industry-leading results.

“It has been an honour of a lifetime being the CEO of P&G, and I am incredibly grateful for the support of P&G’s Board, leadership team and P&G people everywhere. Together, we have established strong momentum through an integrated strategy that is being executed with excellence,” said Mr Taylor. “The Board and I are confident the time is right to transition the role of CEO, and I look forward to supporting Jon, Shailesh and the entire team as they continue to raise the bar to win with consumers and customers around the world and deliver sustained excellence.”