P&G president, CEO named chairman
CINCINNATI Procter & Gamble has elected Robert McDonald, current president and CEO, as chairman, effective Jan. 1.
A.G. Lafley, current chairman, will retire effective Feb. 25. However, he will step out of his role as chairman on Jan. 1.
“I am retiring with confidence in Bob McDonald and his team,” stated Lafley. “Our strategies and plans are working; the company delivered a strong July-September quarter and we expect sequential improvement over the balance of the fiscal year. P&G is innovating across the business, investing in near- and longer-term growth, and maintaining rigorous cash and cost discipline. This is the right time to complete our management transition.”
Lafley was succeeded as CEO by McDonald on July 1. He has continued to serve as chairman to support the management transition.
“A.G. has worked side-by-side with me and our leadership team before and since I became CEO,” McDonald stated. “He has been on of the greatest chairman and CEOs in P&G history. He cannot be replaced but I am honored to succeed him.”
Yes To Inc. appoints new CEO
SAN FRANCISCO Yes To Inc., the maker of natural beauty products including the Yes To Carrots brand, has appointed former Clorox Co. executive Joy Chen to serve as its CEO.
Yes To’s founder, Ido Leffler, will continue to play an active role in the company, focusing his attention on the brand vision, innovation and marketing.
“The appointment of Joy Chen as CEO is a forecast for big things to come in 2010 and beyond at Yes To,” stated Leffler. “With the amazing growth the company has seen over the last three years, I’m so excited to enter into the next phase of our journey. I look forward to focusing my efforts on bringing more innovation into the company and leading the ‘Yes To Movement’ to spread positivity with our brilliant consumers, retailers and partners.”
In her new role, Chen will oversee the company’s expansion of North American and international distribution and will work closely with Leffler and the Yes To team to further build the strength of the brand.
“I am thrilled to be joining Yes To,” stated Chen. “The team has done a terrific job in building this business in such a short time. The brand has so much potential and I look forward to steering Yes To into its next phase of growth.”
Chen joins Yes To from the Clorox Co., where she was VP operations of Laundry, Home Care and the Greenworks unit. Prior to her last role, she was GM for the Laundry unit covering functions such as marketing, sales, innovation, operations and finance. Before joining Clorox in 1992, she worked for Hewlett Packard.
Chen joins Yes To on the eve of the brand’s third anniversary. Since Yes To’s 2006 launch with six products in 16 stores, the brand has grown to include more than 55 products sold in more than 25,000 stores in 29 countries.
Headquartered in San Francisco, Yes To Inc. produces natural, paraben-free personal care products that combine organic fruits and vegetables with Dead Sea minerals. In addition to the Yes To Carrots brand, the company’ portfolio also includes Yes To Tomatoes and Yes To Cucumbers.
A portion of all sales goes to the Yes To Carrots Seed Fund, a nonprofit organization established to assist underserved communities develop organic gardens.
Bottega Veneta makes first fragrance collection with Coty Inc.
PARIS Coty Inc. has inked an exclusive partnership with luxury lifestyle brand Bottega Veneta to create, develop and distribute a line of fragrances under the Bottega Veneta name. This will be Bottega Veneta’s first fragrance collection.
“Bottega Veneta remains one of the world’s premier designer labels and architects of fashion,” stated Bernd Beetz, CEO of Coty Inc. “Reputed for sophistication and elegance, the dynamic brand is both a natural fit and winning partner for Coty. Coty is excited to join with Bottega Veneta to produce what’s sure to be a global sensation.”
Founded in the mid-1960s, Bottega Veneta produces handbags, women’s and men’s ready-to-wear, luggage, and fine jewelry, among other categories.
“This partnership with Coty Prestige enables Bottega Veneta to enter the fragrance market in a very strong position, thanks to the unique attributes of both companies,” stated Marco Bizzarri, president and CEO of Bottega Veneta.
Added Michele Scannavini, president of Coty Prestige, “Bottega Veneta is one of the most refined and respected Italian luxury houses. They have a unique culture of exclusivity and a constant drive for innovation. Fragrance is a new opportunity for this successful company and we are looking forward to working with them to capture their incomparable style in an olfactive identity.”