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CINCINNATI — Procter & Gamble Co. is reorganizing its global business units into four industry-based sectors as part of an ongoing plan to improve business performance.
The consumer products giant said late Wednesday that the restructuring reflects its growth plan of bolstering developed market businesses, maintaining developing market momentum, building a strong innovation pipeline, and driving productivity improvements.
"This sector organization and leadership team will help us operate more effectively and efficiently to continue momentum behind P&G’s growth strategies," stated chairman, president and chief executive officer A.G. Lafley, who returned to the company as chief executive officer late last month with the retirement of Robert McDonald. "These changes build on the productivity and organization design work led by Bob McDonald and will help us get closer to consumers and become more agile with customers."
P&G said the businesses in each sector, which is led by a group president, focus on common consumer benefits, share common technologies and face common competitors.
Martin Riant has been appointed Group President of Global Baby, Feminine and Family Care. The sector includes the baby care, family care and feminine care categories. Riant will lead the sector in addition to his current responsibilities as group president of global baby care.
Deborah Henretta has been named group president of global beauty, which encompasses beauty care, retail hair care and color, salon professional and prestige. She will lead the sector in addition to her current duties as group president of global beauty care.
David Taylor, currently group president of global home care, has been appointed group president of global health and grooming. The sector includes the shave care, Braun, oral care, health care and pet care categories. Taylor will assume additional responsibility for the pet care business, succeeding Jorge Mesquita, who is leaving the company to pursue outside interests.
Charles Pierce, currently group president of global oral care, will assume additional responsibilities for new business creation and innovation now held by Mesquita. Pierce will report to Taylor for oral care and to Lafley for new business creation and innovation.
Giovanni Ciserani has been named group president of global fabric and home care, which covers the fabric care, home care and power categories. Ciserani will lead the sector in addition to his current duties as group president of global fabric care. P&G said that in connection with this appointment, George Tsourapas, currently vice president of fabric and home care for central and eastern Europe, Middle East and Africa, has been named president of global home care and P&G Professional, succeeding Taylor. Tsourapas will report to Ciserani.
With their expanded roles, Ciserani, Henretta, Riant and Taylor will report directly to Lafley. Presidents for each of the global business units included in each sector will now report to the respective sector group president. The changes go into effect July 1.
"We expect this structure to facilitate faster global expansion of brand and product innovations to win with consumers," Lafley commented. "Sectors will also drive technical, commercial, financial and organizational synergies to improve results."
P&G also announced that Dimitri Panayotopoulos, currently vice chairman of global business units, has been elected vice chairman and adviserr to Lafley, effective July 1. Panayotopoulos will continue to report to Lafley.
Also effective July 1, Melanie Healey, group president of North America and global hyper, super and mass channel, will report to Lafley in addition to Werner Geissler, vice chairman of global operations. P&G said this change reflects the size and impact of the North America market to the company’s business. Geissler will continue to report to Lafley as vice chairman of global operations, with particular focus on western Europe and developing markets.
"This will strengthen our focus on go-to-market excellence in our core developed and developing markets," Lafley stated. "Taken together, these organization changes will help us operate better and faster as one unified team to win."
