Procter & Gamble has announced its biggest organizational change in some 20 years, according to a report published by Reuters. The US FMCG giant is creating six business units for its biggest markets, effective July 2019.
The new divisions, fabric and home care, baby and feminine care, family care and new ventures, grooming, health care, and beauty care, will each be headed up by a CEO, who will report directly to the company’s CEO, David Taylor.
“We are accelerating the pace of change and stepping up execution to meet the challenges of today’s dynamic world,” said Taylor in a statement, per Reuters.
Current CFO, Jon Moeller, will also take on the additional post of COO.