P&G Realigns Business Units

The Board of Directors of The Procter & Gamble Company (P&G) announce some business unit realignments and associated changes to its executive management structure effective July 1, 2007. In short, the company's three global business units will be: Beauty Care, Global Health & Well Being, and Household Care. All units will report to Susan E. Arnold, currently vice chair - P&G beauty & health, who is elected President - Global Business Units. The company has also established the role of Chief Operating Officer to oversee all global operations and functions along with overall responsibility for the go-to-market operational effort. Robert A. McDonald, currently vice chair - global operations, is elected chief operating officer. "We are making these moves to realign our business units and top leadership structure to meet the changing needs of our larger, more diverse, faster-paced global business," says P&G CEO A.G. Lafley. "These changes are designed to help P&G's businesses consistently win at both the first (in-store) and second (at-home) moments of truth with consumers.