Shailesh Jejurikar. File Photograph: us.pg.com
Procter & Gamble CEO Jon Moeller has stepped right into a shocking transfer 4 years after the corporate, saying the buyer items big can be profitable in working Shailesh Jejurikar.
Mohler, who has been on the helm since 2021, has turn out to be an government chairman and “gives recommendation and recommendation to CEOs on firm points,” P&G mentioned in a press release Monday in a press release that’s scheduled to report quarterly outcomes.
It didn’t reveal the explanations for the change in management.
Underneath Moeller, the corporate navigated the post-pandemic gross sales increase and rising prices and sticky inflation. P&G’s shares gained round 13% throughout their 4 years of tenure.
In June, the corporate mentioned it will reduce 7,000 jobs over the subsequent two years and withdraw a number of product classes and types in sure markets, together with some potential divestitures, as a part of a broader two-year restructuring plan.
The corporate that makes Pampers’ diapers and head and shoulder shampoo warned of rising product costs in April as a consequence of elevated enter prices from the commerce struggle on the time of weakening client spending. This 12 months, it has dropped by about 6% up to now.
The appointment of Jejurikar, which got here into impact on January 1, 2026, maintains P&G’s choice for naming prime jobs. Moeller additionally rose to rank earlier than turning into COO after which turning into CEO of the corporate.
The Board has appointed Jejulical as director of the October 2025 Annual Shareholder Assembly.
Jejurikar has performed roles in a number of P&G companies, together with Well being & Magnificence Care and P&G Skilled. Previous to his present function, he was head of P&G’s Material & Dwelling Care. This included manufacturers corresponding to Tide, Ariel and Downy.
