Jon Moeller Appointed Chairman of P&G Board of Directors

Rhea-AI Summary

Procter & Gamble (NYSE:PG) announced that Jon R. Moeller will serve as Chairman of the Board starting July 1, 2022, succeeding David Taylor, who is retiring. Moeller retains his position as President and CEO, having been integral to P&G’s leadership for over two decades. During Taylor's tenure, which spanned 40 years, he focused on balanced growth and completed significant organizational changes. Joseph Jimenez was reappointed as Lead Director of the Board. The leadership transition is expected to maintain P&G's momentum in delivering superior consumer products worldwide.

Positive

• Jon R. Moeller's extensive experience in various leadership roles positions him well to lead P&G.
• David Taylor's legacy includes balanced top and bottom-line growth and significant organizational restructuring.

Negative

• David Taylor's retirement may raise concerns about continuity in leadership after a long tenure.

Executive Chairman David Taylor to Retire

CINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE:PG) today announced that Jon R. Moeller has been appointed Chairman of the Board, effective July 1, 2022. Moeller assumes the position in addition to his role as President and Chief Executive Officer following the retirement of current Executive Chairman David Taylor.

“I want to recognize and thank David for his leadership of P&G over the last seven years as well as for his 40-plus years of service to the company,” said Mr. Moeller. “We have much to thank him for. Among other things, David committed P&G to achieve balanced top and bottom-line growth, completed the restructuring of our portfolio, and led our most important organization change in decades. We are well-positioned to continue to serve consumers around the world with noticeably superior offerings that improve their lives.”

In addition to Moeller’s appointment, the Board of Directors reappointed Joseph Jimenez as Lead Director of the Board.

Taylor served as CEO from 2015 to 2021. As Executive Chairman, Taylor led the Board of Directors and provided advice and counsel to the CEO and P&G’s leadership on company decisions.

Moeller joined P&G in 1988. Prior to becoming CEO in 2021, he had been an integral part of P&G's leadership team for well over two decades. Moeller was P&G’s Chief Operating Officer, with profit/loss responsibility for P&G’s Enterprise Markets (Latin America, India, Middle East, Africa, Southeast Asia and Eastern Europe). He also led the company’s Investor Relations, Information Technology, Global Business Services, Sales, Market Operations, Purchasing, Manufacturing, and Distribution efforts. Before COO, he held the role of P&G’s Chief Financial Officer for more than 12 years.

About Procter & Gamble

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit https://www.pg.com for the latest news and information about P&G and its brands. For other P&G news, visit us at https://www.pg.com/news.

Category: PG-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20220413006072/en/

P&G Media Contact:

Damon Jones

513.983.0190

jones.dd@pg.com



P&G Investor Relations Contact:

John Chevalier

513.983.9974

Source: Procter & Gamble

FAQ

Who is the new Chairman of Procter & Gamble as of July 2022?

Jon R. Moeller has been appointed as the new Chairman of the Board.

What position does Jon R. Moeller hold at Procter & Gamble?

Jon R. Moeller is the President and Chief Executive Officer in addition to being the Chairman.

When did David Taylor retire from Procter & Gamble?

David Taylor retired on July 1, 2022.

What impact did David Taylor have during his time at Procter & Gamble?

David Taylor focused on achieving balanced growth and completed important organizational changes.

Who was reappointed as Lead Director of the Board at Procter & Gamble?

Joseph Jimenez was reappointed as Lead Director of the Board.