Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor

Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor

Reportedly, Procter & Gamble's next CEO is going to be David Taylor. He will be succeeding A. G. Lafley the report mentioned citing sources close to the matter.

The report mentioned that the company is scheduled to hold a meeting on Tuesday and could announce Taylor as the company's new CEO by Thursday.

He at present is the president of the global beauty, grooming and health-care division of Procter & Gamble.

Lafley will continue to be the chairman and will help Taylor with the transition as per the media report. He has been in the chair of the CEO in two occasions stretching over different periods of time. Once, for almost nine years, starting from 2000 to 2009 and currently, from 2013 till now.

P&G in the recent past announced that it will sell Coty, one of its beauty care brands for about $12.5 billion. Procter & Gamble is the largest manufacturer of household products in the world. Lately, the company has been feeling the effect of a strong dollar on sales overseas.

The company is also making an effort to execute its exit plan for almost hundred of its brands that have underperformed in the past years.

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