Procter & Gamble Announces Organizational Changes
CINCINNATI, Apr. 22 /PRNewswire-AsiaNet/ --
The Procter & Gamble Company (NYSE: PG) today announced the following
organizational change:
-- Hartwig Langer, (53), president - global prestige
products, will retire effective Jan. 1, 2010, after more
than 28 years of service. He will step down as division
president on July 1, 2009, but will continue to serve in a
special assignment to ensure a smooth transition,
reporting to Ed Shirley, vice chairman - global beauty &
grooming until his retirement.
-- Patrice Louvet (44), vice president - future strategy &
growth, global prestige products, has been elected
president, global prestige products, succeeding Mr.
Langer. Mr. Louvet will report to Mr. Shirley, and will
continue to be located in Geneva, Switzerland.
Under Mr. Langer's leadership, P&G Fine Fragrances has become one of P&G's
fastest-growing and successful businesses. Today, P&G Global Prestige Products is
one of the world's largest Prestige fragrance companies globally with many of the
largest, most desirable brand names in the industry such as Hugo Boss(R),
Lacoste(R), Dolce & Gabbana(R), and Gucci(R). In total, P&G has 23 Prestige
brands that have established the Company as a global, award-winning force in
Prestige Beauty.
"Hartwig has been a game-changing leader and strategist," said Shirley. "He
has succeeded by turning the industry's conventional business model on its head
by challenging the industry paradigm that being in touch with the consumer would
not yield fresh insights in an industry dominated by creative individuals. He
has left an enduring legacy at P&G and in the beauty industry."
"Patrice Louvet is the right leader to succeed Hartwig. He is well positioned
to sustain and strengthen the growth of P&G Prestige where he has been serving as
vice president - future strategy & growth for some time," Shirley said. "With
more than 20 years experience in the Company, and 15 years in Beauty, he has
successfully led several of P&G's businesses in multiple regions. He is a
cosmopolitan leader with experience in Europe, Asia and North America. And, he
is a Beauty expert whose experience in skin, hair and color cosmetics will help
us further grow our Prestige Beauty business on the strong foundations in place
today."
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the
world. The company has one of the strongest portfolios of trusted, quality,
leadership brands, including Pampers(R), Tide(R), Ariel(R), Always(R),
Whisper(R), Pantene(R), Mach3(R), Bounty(R), Dawn(R), Gain(R), Pringles(R),
Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Oral-B(R), Actonel(R),
Duracell(R), Olay(R), Head & Shoulders(R), Wella(R), Gillette(R), Braun(R) and
Fusion(R). The P&G community includes approximately 138,000 employees working in
and in-depth information about P&G and its brands.
SOURCE: The Procter & Gamble Company
CONTACT: Michela Ratti,
+41-22-709-6057,
ratti.m@pg.com,
or Paul Fox,
+1-513-983-3465,
fox.pd@pg.com,
or Stefani Valkonen,
+41-(0)-58-004-8940,
valkonen.s@pg.com
(PG)
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