The Procter & Gamble Company (P&G) has announced that Jon Moeller, vice chairman and chief operating officer, will succeed David Taylor as its president and CEO.
On 1 November, Taylor will become P&G’s executive chairman. He will lead the board of directors and provide advice and counsel to the CEO and P&G leadership on company decisions.
Moeller joined P&G in 1988. He has been a member of the company’s global leadership team since 2009, serving as chief financial officer, chief operating officer, and vice-chairman.
Throughout his career, Moeller has held several various senior leadership roles in categories, sectors and regions, and helped build several of P&G’s core businesses. 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, said the company.
James McNerney, lead director of P&G’s board, said: “We thank David [Taylor] for his strategic leadership and guidance over the last six years at 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 [Moeller] as CEO. We are fortunate and grateful to have David continue as executive chairman.”
McNerney also expressed the board’s confidence in Moeller, adding: “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.”
Commenting on his new role as president and CEO, Moeller said: “I am honoured to serve as P&G’s CEO. 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. Jejurikar will report to Moeller and his successor will be announced later. He currently serves as CEO of the firm’s fabric and home care sector, P&G’s largest business unit.
“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, lead team and P&G people everywhere,” said Taylor.
“Together, we have established strong momentum through an integrated strategy that is being executed with excellence.
“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.”