P&G chooses Moeller as next CEO
Procter & Gamble has chosen who will take the reigns of the CPG giant this fall when David Taylor retires as president and CEO. Jon Moeller, currently the company’s vice chairman and COO, will succeed Taylor effective Nov. 1, with Taylor transitioning to the role of executive chairman.
“We thank David for his strategic leadership and guidance over the last six years as the Com-pany has returned to consistent balanced growth and value creation,” said James McNerney, lead director of the company’s board. “A strong plan for sustained success is in place and the Board unanimously agrees that now is the time to transition to Jon as CEO. We are fortunate and grateful to have David continue as executive chairman.”
Moeller has been with P&G since 1988 and a member of its global leadership team since 2009, holding roles that include CFO, COO and vice chairman. During his tenure with the company, he has led various categories, sectors and regions, and helped build out some of the P&G’s core business. He also was responsible for the design and implementation of the company’s portfo-lio and organization design strategy.
“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,” McNerney said. “He is an outstanding leader, and the company will bene-fit from his ongoing leadership to build on the strong momentum he has helped create over the last few years.”
Moeller said, ““I am honored 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.”
P&G also has chosen Moeller’s successor as COO. The company said Shailesh Jejurikar would move into the position on Oct. 1. He currently serves as CEO of the company’s fabric and home care sector, its largest business unit.
“It has been an honor of a lifetime being the CEO of P&G, and I am incredibly grateful for the support of P&G’s board, leadership team and P&G people everywhere. Together, we have established strong momentum through an integrated strategy that is being executed with excellence,” Taylor said. “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 ex-cellence.”