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• The Wall Street Journal that AG Lafley, the former CEO of Procter & Gamble who recently returned to the job, has named "four senior executives to run major business units and report directly to him, effectively identifying some of the people in the running to succeed him at the helm of the consumer-products giant.

"Two other executives also will now report to Mr. Lafley in addition to two vice chairmen," the story says.

Here's how the story describes the new roles:

"The company said Martin Riant would oversee global baby, feminine and family care, which includes paper-based products like Pampers diapers, Charmin toilet paper and Tampax tampons.

"Deborah Henretta was named group president of global beauty, which includes Pantene shampoo, Olay skin creams, and P&G's prestige business, which sells luxury fragrances and SK-II skin-care products.

"David Taylor was named group president of global health and grooming, which includes Crest toothpaste and Gillette razors. He will also oversee P&G's pet-care business, which includes Iams pet food.

"Giovanni Ciserani will be group president of global fabric and home care with responsibility for products like Tide laundry detergent and Swiffer mops.

"Melanie Healey, who has been head of P&G's operations in North America since late 2009, will also report to Mr. Lafley in addition to Werner Geissler, the company's vice chairman overseeing global operations. Ms. Healey previously reported only to Mr. Geissler and P&G said the change 'reflects the size and impact' of North America, which accounts for roughly 40% of its total sales.

"Dimitri Panayotopoulos, who previously oversaw the global business units, will remain a vice chairman and will become an adviser to Mr. Lafley."
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