CINCINNATI Procter & Gamble has announced the retirement of Charles Lee and Ralph Snyderman from its board of directors.
Lee has been a director since 1994 and Snyderman has been a director since 1995. They both recently celebrated their 70th birthday.
Current director, Patricia Woertz, has been designated chair of P&G’s audit committee while the chair of P&G’s innovation and technology committee will be taken by current director, Scott Cook.
“Chuck and Ralph have served P&G’s board with distinction for more than 15 years. Their insights, counsel and leadership have been invaluable,” stated Bob McDonald, P&G’s chairman of the board, president and CEO. “We will miss them both but wish them continued success.”