Procter & Gamble
CEO Jon Moeller is stepping away from the top job after four years in the role, and the consumer goods giant said he would be succeeded by Chief Operating Officer Shailesh Jejurikar.
Moeller will become executive chairman and “provide advice and counsel to the CEO on company matters,” P&G said in a statement on Monday, a day before it was scheduled to report its quarterly results.
The company did not disclose the reason for the change in leadership in its statement, but P&G chief communications officer Damon Jones told Reuters Moeller’s departure was part of a planned and orderly transition made by the board. There were no health concerns leading to Moeller’s departure, he said.
The Cincinnati, Ohio-based company has a history of relatively short CEO terms, dating back to the mid-1990s.
