CINCINNATI, May 14 /PRNewswire/ -- The Procter & Gamble Company NYSE: PG today announced the following organizational changes:
-- G. Gilbert Cloyd (62), chief technology officer, will retire effective
September 1, 2008, after more than 33 years of service. Until that
time, effective June 1, 2008, Mr. Cloyd will be named officer on
special assignment, reporting to A. G. Lafley, chairman of the board
and chief executive officer. Mr. Cloyd will continue to be located in
Cincinnati.
-- Bruce Brown (49), currently vice president-research & development,
Global Hair Care and Global Hair Colorants will be elected chief
technology officer, effective June 1, 2008, reporting to Robert A.
McDonald, chief operating officer. Mr. Brown will continue to be
located in Cincinnati.
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Gil is an outstanding innovation leader," said A.G. Lafley, P&G chairman of the board and chief executive officer. "He transformed P&G's innovation while preserving the essential part of P&G's R&D organization - world-class technologists who are masters of core technologies critical to P&G's businesses - but he was also willing to transform our innovation capabilities. As a result of Gil's leadership, there's a broader, more-productive, more-open and more consistently successful innovation culture at P&G today."
On Mr. Brown's appointment, Mr. Lafley said: "Bruce Brown has 28 years experience leading winning innovation across a number our businesses - including Baby Care, Feminine Care, and Beauty Care - and in several geographic markets, including North America, Western Europe and Asia. I've worked with him for more than 15 years, beginning with our time together in Asia, and he's been a key leader of P&G's work to innovate how we innovate. He will continue to strengthen P&G's innovation capability and culture as chief technology officer."
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), Folgers(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), and Braun(R). The P&G community consists of 138,000 employees working in over 80 countries worldwide. Please visit www.pg.com for the latest news and in- depth information about P&G and its brands.
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