P&G appoints David Taylor as new president & CEO

Taylor has also been appointed to the Company's Board of Directors.

He joined P&G in 1980. He has helped to build many of P&G's core businesses, including baby care, family care, hair care, and home care. He has led global businesses, and lived and worked in North America, Europe, and Asia. Most recently, Taylor served as group president of global beauty, grooming and health care. Prior to that, he was responsible for family care and home care, both of which delivered consistent double-digit profit and mid-single-digit sales growth under his leadership, according to a press release.

Taylor said, “I am honoured to serve as P&G's CEO. I believe in the power of P&G people, brands, products and values. P&G is transforming to be a faster-growing, more profitable Company. I am committed to the strategies, and look forward to leading the people of P&G to win with consumers, drive growth and create shareholder value.”

David replaced A.G. Lafley, who served as CEO from 2000 to 2009, and returned from retirement to serve as CEO in 2013. On November 1, 2015, A.G. Lafley will become Procter & Gamble's executive chairman. (GK)

Fibre2Fashion News Desk – India