Proctor and Gamble announces organisational changes

Proctor and Gamble has announced changes to its structure, including the retirement of its vice chairman and chief medical officer.

In January, Clayton C Daley Jr will step down from the post after 35 years, but continue to serve as an advisor to A G Lafley, Proctor and Gamble’s chairman of the board and chief executive officer.

He will also organise learning on portfolio management, strategy and acquisitions and divestitures, the company said.

Mr Lafley described Mr Daley as “a strong strategic partner” over the last ten years who had “helped focus management attention on cash productivity” and “set high standards for corporate governance and stewardship” as well as being a key player in the acquisition of Gillette.

Jon R Moeller will take on the role of chief financial officer and was described as “the right leader” to take over from Mr Daley.

Currently vice president and treasurer, Mr Moeller brings “strategic leadership [and] tough-minded discipline” to the company, according to Mr Lafley.

Proctor and Gamble’s oral health brands include Crest, Braun and Fixadent.