P&G announces organizational changes

CINCINNATI — Procter & Gamble has announced a string of organizational changes, including the retirement of Edward Shirley, vice chairman of beauty and grooming, after 33 years of service.

Shirley will retire from P&G, effective Jan. 1, 2012. Until that time, effective July 1, 2011, Shirley has been named vice chairman on special assignment, continuing to report to Robert McDonald, P&G chairman, president and CEO. Shirley will be focused on ensuring the seamless transition of the beauty and grooming business, P&G stated.

Dimitri Panayotopoulos, vice chairman of global household care, has been appointed vice chairman­ of global business units, assuming responsibility for both the beauty and grooming and household care businesses. Panayotopoulos will continue to report to McDonald.

Shirley's career began with Gillette, where he held positions of growing importance culminating in being appointed president of international commercial operations prior to the acquisition of the Gillette business by P&G in 2005. He was appointed group president of P&G's North American business following the acquisition, and was promoted to the role of vice chairman of beauty and grooming in 2008.

"Ed has had an outstanding career," stated McDonald. "He was one of the most respected leaders at Gillette and he played a pivotal role in ensuring the success of the Gillette integration into P&G. He continued that inspirational leadership of our North American operations, and then as vice chairman provided the strategic vision to energize the growth of our beauty and grooming global businesses."

As part of this management change, P&G will move its two global business units — beauty and grooming and household care — under the leadership of Panayotopoulos.

"Dimitri is another outstanding leader whose vision will continue to help drive our growth strategy. This new structure is the right one for the business at this point in time. This evolution of our structure is normal business practice for us and may evolve further in the future as our strategy and business conditions create new needs and opportunities," McDonald added.

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