Procter & Gamble Makes Marketing Changes
The Procter & Gamble Company announces the following organizational changes:
-- James R. Stengel, global marketing officer, will retire effective October 31, 2008, after 25 years of service. Until that time, effective August 1, 2008, Stengel will work on special projects and the transition, continuing to report to Robert A. McDonald, chief operating officer.
"Jim Stengel has reinvigorated P&G's marketing function and strengthened P&G's capability as one of the world's leading brand builders," says A.G. Lafley, P&G's chairman of the board and chief executive officer. "Jim has helped change the way P&G markets our brands by challenging traditional marketing models and setting new standards for P&G marketing rooted in deep consumer understanding."
-- Marc S. Pritchard, currently president - strategy, productivity and growth, has been elected global marketing officer, effective August 1, 2008, reporting to Robert A. McDonald.
Lafley adds, "Marc Pritchard is the right leader at the right time to take P&G marketing into the future. He's a committed brand builder with more than 25 years experience and a proven track record of leadership results. He's worked side-by-side with Jim Stengel for the past two years to strengthen P&G's brand-building capability and his deep knowledge and experience in branding, innovation and go-to-market capability will enable him to drive ongoing brand-building excellence."
-- James R. Stengel, global marketing officer, will retire effective October 31, 2008, after 25 years of service. Until that time, effective August 1, 2008, Stengel will work on special projects and the transition, continuing to report to Robert A. McDonald, chief operating officer.
"Jim Stengel has reinvigorated P&G's marketing function and strengthened P&G's capability as one of the world's leading brand builders," says A.G. Lafley, P&G's chairman of the board and chief executive officer. "Jim has helped change the way P&G markets our brands by challenging traditional marketing models and setting new standards for P&G marketing rooted in deep consumer understanding."
-- Marc S. Pritchard, currently president - strategy, productivity and growth, has been elected global marketing officer, effective August 1, 2008, reporting to Robert A. McDonald.
Lafley adds, "Marc Pritchard is the right leader at the right time to take P&G marketing into the future. He's a committed brand builder with more than 25 years experience and a proven track record of leadership results. He's worked side-by-side with Jim Stengel for the past two years to strengthen P&G's brand-building capability and his deep knowledge and experience in branding, innovation and go-to-market capability will enable him to drive ongoing brand-building excellence."