Finance & Capital Management

The investment, to be made over the next six years, increases its total announced investment in Africa to $17 billion from 2010 to 2020.

The company will sell or exit 90 to 100 brands in a bold attempt to refocus the business on 70 to 80 remaining best-selling brand names. "Less will be much more," CEO A.G. Lafley told analysts.

The two companies have committed to integrating members of their global sales, marketing and creative teams to connect brands, like Lysol, Mucinex, MegaRed and Air Wick, with people on Facebook to bring them innovative solutions for healthier lives and happier homes.

As Targets new CEO, Brian Cornells top priorities will be accelerating the companys performance and advancing Targets omnichannel evolution.

Mars will also exercise the option to purchase P&G's pet food business in more regions to reinforce the company's strategic intent to build its presence in emerging markets.

The role integrates multiple growth drivers to accelerate the expansion of global innovation platforms, Power Brands and breakthrough technologies.

The exec comes most recently from Reebok and will be responsible for overseeing all aspects of the retail footprint in North America, including the entire fleet of full-price and outlet stores.

The partnership with East Africas leading dairy products group will significantly enhance the platform Danone is currently building in Africa.