David Taylor is P&G's new CEO

David Taylor is P&G's new CEO

Procter & Gamble has appointed David Taylor as its new CEO. A.G. Lafley, the previous CEO, guided Taylor into his new position and will now become chairman of the board.

35 years at P&G

Taylor and Lafley will continue to work closely together as Taylor will take care of the day-to-day business while Lafley will assist him in several areas, like strategy, innovations and acquisitions. Both have collaborated for the past 20 years, which is why Taylor's appointment is considered a safe bet.

 

Taylor, who has gone through the ranks at Procter & Gamble, mainly made a name for himself with Febreze as he helped guide the brand through the 1 billion dollar turnover barrier. After nearly 35 years at the company, he will now take the reins of a company that has been selling plenty of brands over the past few years, including its perfume and cosmetics brands to Coty at the start of the month (for a sum of 12 billion dollars, 11 billion euro).

Questions or comments? Please feel free to contact the editors


Bricorama does not want to sell Gamma

01/09/2017

French DIY company Bricorama will not sell Gamma’s Belgian and Dutch stores. There was a longstanding rumour to that nature, but the company has now refuted those claims.

Kingfisher experiences another turnover drop

17/08/2017

DIY group Kingfisher has experienced yet another disappoiting quarter: the British-French group suffered setbacks in both its home markets and the restructuring plan is also weighing down its results.

Sizeable profit drop for Geberit

17/08/2017

Swiss sanitation specialist Geberit has had a disappointing first semester of 2017, in which its profit dropped about 20 %. Turnover also slumped, but only slightly.

Intergamma: departure largest shareholder sparks turmoil

01/08/2017

Irish group CRH, which owns nearly 50 % of DIY Intergamma’s shares, wants to sell those shares, but the other shareholders cannot find an appropriate solution.

Strong Dutch growth for Hornbach

09/06/2017

German DIY chain Hornbach’s turnover and profit grew a lot in the past fiscal year, which ended 28 February 2017. Particularly its Dutch division performed very well.

Cooperative Menouquin joins Hagebau

10/05/2017

Belgian’s largest cooperative in tools, hardware and DIY, Menouquin, will join German Hagebau, a move designed to help Menouquin grow.

Back to top