THE PROCTER & GAMBLE COMPANY
NEWS RELEASE One P&G Plaza
- ------------ Cincinnati, OH 45202
FOR IMMEDIATE RELEASE
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P&G ANNOUNCES BUSINESS UNIT REALIGNMENT
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CHANGES DESIGNED TO FURTHER GROWTH
CINCINNATI, May 19, 2004 - The Procter & Gamble Company (NYSE:PG) today
announced some business unit realignments and associated management changes
designed to streamline business operations and support the company for further
growth. These changes affect organization alignment only and will not result in
any special charges.
RETIREMENTS:
Five senior officers have announced their intention to retire:
o Steven N. David, 55, chief information officer and business to business
officer will retire on January 2, 2005 after more than 34 years of
service. Until that time, David will continue to be the global business
to business officer.
o Michael J. Griffith, 47, president-global beverages will retire on
January 2, 2005 after more than 23 years of service.
o Mark D. Ketchum, 54, president-global baby & family care, will retire
on November 1, 2004 after more than 33 years of service.
o Jorge P. Montoya, 57, president-global snacks & beverages and Latin
America, will retire on October 1, 2004 after more than 33 years of
service.
o Martin J. Nuechtern, 50, president-global hair care, will retire on
June 30, 2005 after more than 26 years of service.
"The company owes these leaders a great debt of gratitude," said A G
Lafley, P&G's chairman, president and chief executive. "They have made lasting
contributions to accelerating P&G's growth and building strong organizations."
MANAGEMENT CHANGES AND BUSINESS UNIT REALIGNMENTS:
The company will realign its business units effective July 1. The new
units are: global beauty care; global health, baby and family care; and, global
household care. With the retirement of several officers over the next six to
twelve months, the company decided to make these changes now to ensure a smooth
transition.
Concurrent with these changes, the company announced that the new
global business units and the company's global operations will each be headed by
a vice chairman. Effective July 1, the vice chairman and their respective
business units are:
o Bruce L. Byrnes, 56, currently vice chairman of the board and
president-global beauty & feminine care and global health care, will
become vice chairman of the board and global household care.
o R. Kerry Clark, 52, currently vice chairman of the board and
president-global market development and business operations, will
become vice chairman of the board and global health, baby & family
care.
o Susan E. Arnold, 50, currently president-global personal beauty care
and global feminine care, will become vice chairman global beauty care.
o Robert A. McDonald, 50, currently president-global fabric & home care,
will become vice chairman global operations.
Arnold's and McDonald's new vice chairman responsibilities will focus
on business operations and do not include serving on the company's board of
directors.
Additionally, the company is creating a new group president position to
recognize the scope of these business responsibilities effective July 1.
o Werner Geissler, 51, currently president-Northeast Asia, will become
group president-Central & Eastern Europe, Middle East and Africa.
o Dimitri Panayotopoulos, 52, currently president-Central & Eastern
Europe, Middle East and Africa, will become group president-global
fabric care.
o Paul Polman, 47, currently president-Western Europe, will become group
president-western Europe.
o Robert A. Steele, 48, currently president-North America, will become
group president-North America.
In line with these changes, the following executives were elected to
new positions, effective July 1:
o Ravi Chaturvedi, 44, currently vice president-Greater China health &
beauty care, will become president-Northeast Asia.
o Christopher de Lapuente, 41, currently vice president-United Kingdom &
Ireland, will become president-global hair care.
o Jorge A. Uribe, 47, currently vice president-customer business
development and marketing, Latin America, will become president-Latin
America.
o Fillippo Passerini, 46, currently global business services officer,
will become chief information and global services officer.
Lafley said, "I am privileged to lead one of the most talented senior
management groups in the history of the company. While some key managers are
taking on new responsibilities, our strategies and structure are unchanged and
we're maintaining significant continuity of leadership to drive further growth."
ABOUT PROCTER & GAMBLE
Two billion times a day, P&G brands touch the lives of people around
the world. The company has one of the largest and strongest portfolios of
trusted, quality brands, including Pampers(R), Tide(R), Ariel(R), Always(R),
Whisper(R), Pantene(R), Bounty(R), Pringles(R), Folgers(R), Charmin(R),
Downy(R), Lenor(R), Iams(R), Crest(R), Actonel(R), Olay(R) and Clairol Nice `n
Easy(R). The P&G community consists of nearly 98,000 employees working in almost
80 countries worldwide. Please visit www.pg.com for the latest news and in-depth
information about P&G and its brands.
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P&G MEDIA CONTACTS:
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Corporate Media Center +1-866-PROCTER (+1-866-776-2837)
PROCTER & GAMBLE ORGANIZATION REALIGNMENT, EFFECTIVE JULY 1, 2004
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THE PROCTER & GAMBLE COMPANY A.G. Lafley, Chairman, Chief Executive Officer
BEAUTY CARE *Susan Arnold, Vice Chairman
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Hair Care Chris de Lapuente, President
Hair Color & Color Cosmetics Marc Pritchard, President
Skin Care, Prestiege Beauty & Personal Cleansing Paolo de Cesare, President
Feminine Care, Antiperspirants & Deodorants, Old Spice Martin Riant, President
Global Professional Hair & Cosmopolitan Cosmetics *Heiner Gurtler, President
HEALTH, BABY & FAMILY CARE *Kerry Clark, Vice Chairman of the Board
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Oral Care Michael Kehoe, President
Personal Health Care Mary Lynn Ferguson-McHugh, Vice President
Pharmaceuticals Mark Collar, President
Pet Health & Nutrition Jeff Ansell, President
Baby Care Deb Henretta, President
Family Care Charlie Pierce, President
HOUSEHOLD CARE *Bruce Byrnes, Vice Chairman of the Board
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Fabric Care Dimitri Panayotopoulos, Group President
Home Care Jorge Mesquita, President
Snacks Fabrizio Freda, President
Coffee Doug McGraw, Vice President
Commercial Products Malcolm Brookes, Vice President
Human Resources, Global Household Care Dick Pease, Senior Vice President
Research & Development, Global Fabric & Home Care Nabil Sakkab, Senior Vice President
GLOBAL OPERATIONS *Bob McDonald, Vice Chairman
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North America MDO Rob Steele, Group President
Western Europe MDO Paul Polman, Group President
Central & Eastern Europe, Middle East, Africa MDO Werner Geissler, Group President
Latin America MDO Jorge Uribe, President
Northeast Asia MDO Ravi Chaturvedi, President
Greater China MDO Laurent Philippe, President
ASEAN, Australasia, India MDO Chip Bergh, President
FUNCTIONAL OFFICERS
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Chief Financial Officer *Clayt Daley
Chief Technology Officer *Gil Cloyd
Chief Marketing Officer *Jim Stengel
Global Product Supply Officer *Keith Harrison
Global Customer Business Development Officer *Mariano Martin
Global Human Resources Officer *Dick Antoine
Chief Legal Officer, Secretary *Jim Johnson
Chief Information and Global Services Officer Fillippo Passerini
Chief External Relations Officer *Charlotte Otto
Treasurer John Goodwin
Comptroller John Jensen
Design - Innovation and Strategy *Claudia Kotchka
Global Consumer & Market Knowledge *Kim Dedeker
* Reports to A.G. Lafley, President Chairman and Chief Executive