There are numerous reports this morning that when the Procter & Gamble board of directors meets today, it will name Robert McDonald, the company’s COO, as its new president/CEO. He will succeed AG Lafley, who will remain as chairman of the company after nine years in the CEO job.
The move comes sooner than most analysts expected, and experts almost unanimously say that McDonald has huge shoes to fill since during Lafley’s tenure the company’s stock price is up 87 percent.
The move comes sooner than most analysts expected, and experts almost unanimously say that McDonald has huge shoes to fill since during Lafley’s tenure the company’s stock price is up 87 percent.
- KC's View:
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Maybe it is a sign of the times that we live in, but I find it interesting that since the upcoming CIES World Food Business Summit agenda was announced, three speakers - Lee Scott of Walmart, Jeff Noddle of Supervalu, and now Lafley – have announced that they are stepping down from their respective CEO jobs.
It actually creates a scenario in which these three execs may do something a little different, proving moments of reflection that transcend the usual business-oriented reports that they usually would give. I hope so.
