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WSJ: P&G to Regroup Products into 4 Sectors

Consumer products giant Procter & Gamble (NYSE:PG) plans to elevate four senior executives to each lead a new brand sector, according to The Wall Street Journal .The move would publicly identify potential candidates to eventually succeed Chief Executive A.G. Lafley, who came out of retirement last week to replace his successor, Robert McDonald. The report cited sources as saying Lafley isn't expected to stay for more than two or three years, and one of his top priorities is to develop a team of possible successors.P&G is working on a reorganization of its brands that will lead to the creation of four groups each headed by a president, the Journal said. Those four individuals will report directly to Lafley.P&G declined to comment.According to the report, candidates for those four spots are currently two levels below the CEO. The Journal named as candidates Melanie Healey, group president of North America; David Taylor, group president of global home care; Martin Riant, group president o...

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  1. Analysis: P&G all-star board's oversight questioned as CEO departs

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