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P&G Announces Management Changes

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By: Jamie Matusow

Editor-in-Chief

The Board of Directors of the Procter & Gamble Company reported the following management changes effective July 1, 2005:

Paolo deCesare, currently president – global skin care and global personal cleansing, has been elected president – global skin care, personal cleansing and deodorants.

Melanie Healey, currently vice president – North America feminine care, has been elected president – global feminine care.

Steven W. Jemison, currently general counsel – Central and Eastern Europe, Middle East and Africa, has been elected secretary and associate general counsel.

Charles E. Pierce, currently president – global family care, has been elected president – global oral care.

Martin Riant, currently president – global feminine care and global deodorants/Old Spice, has been elected president – global baby care and adult care.

David S. Taylor, currently vice-president – North America family care, has been elected president – global family care.

Effective Aug. 1, Valarie L. Sheppard, currently manager – finance and accounting, global household care, has been elected vice president and comptroller.

Effective Sept. 1, the following P&G management changes will occur:

Charles (Chip) V. Bergh, currently president – ASEAN, Australasia and India, has been elected president on special assignment.

Deborah A. Henretta, currently president – global baby and adult care, has been elected president – ASEAN, Australasia and India.

“These individuals bring a strong track record of success to their new roles,” said A. G. Lafley, chairman of the board, president and chief executive. “0Their business know-how and deep experience will help drive future growth for the company.”

P&G also announced the following retirements:
John K. Jensen, vice president and comptroller, will retire on Oct. 1, after more than 32 years of service. Until then, he will serve as vice president on special assignment effective Aug. 1.

Michael E. Kehoe, president – global oral care, will retire on Jan. 2, 2006, after more than 27 years of service. Until then, he will serve as president on special assignment effective Aug. 1.

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