New leadership named at P&G

CINCINNATI -- The Procter & Gamble announced the following organizational changes:

Edward Shirley, vice chairman beauty and grooming, will retire from P&G, effective Jan. 1, 2012, after 33 years service. Until that time, effective July 1, Shirley has been named vice chairman on special assignment, continuing to report to Robert McDonald, chairman of the board, president and CEO.

Dimitri Panayotopoulos, vice chairman global household care, has been appointed vice chairman global business units, assuming responsibility for both the beauty and grooming and household care businesses. Panayotopoulos will continue to report to McDonald.

Shirley's career began with The Gillette Company where he held positions of growing importance culminating in being appointed president of international commercial operations prior to the acquisition of the Gillette business by P&G in 2005. He was appointed group president of P&G's North American business following the acquisition and promoted to the role of vice chairman, beauty and grooming in 2008.

As part of this management change, P&G will move its two global business units (GBUs) -- beauty and grooming and household care -- under the leadership of Dimitri Panayotopoulos.