Former P&G CEO returns

Cincinnati – Former CEO A.G. Lafley, 65, is returning to Procter & Gamble in his former position. Lafley is assuming the role of CEO, president and chairman of the board immediately, and will replace current CEO Bob McDonald, who is retiring June 30. Procter & Gamble has been involved in restructuring efforts, including thousands of layoffs, for the past year and a half.



“I am looking forward to working with P&G’s outstanding leadership team to continue to improve the company’s performance,” said Lafley. “I am confident that we will deliver strong innovation, productivity and growth to win with consumers, customers and shareholders.”