Cincinnati: The Procter & Gamble Co. (P&G) is reportedly ready to name 29-year company veteran Robert A.McDonald to succeed A.G.Lafley as chief executive of the world’s largest consumer products maker.
A Wall Street Journal report on Monday attributed the planned move to unidentified people familiar with the matter. P&G spokesman Paul Fox however said that the maker of such brands as Tide detergent, Gillette shavers and Pampers diapers wouldn’t comment on rumor and speculation.
P&G’s board of directors, which would have to approve the move, meets on Tuesday in Cincinnati.
McDonald, P&G’s chief operating officer, had been considered the heir apparent to Lafley, who reportedly would continue as chairman. Lafley became CEO nine years ago this month and turns 62 on 13 June.