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P&G Global Health Vice Chairman to Retire

Robert A. Steele played a key role in Gillete's North American success.

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By: Jamie Matusow

Editor-in-Chief

The Procter & Gamble Company (NYSE: PG) has announced that Robert A. Steele, vice chairman – global health and well-being, responsible for Oral Care, Feminine Care, Personal Health Care, Pet Care and Snacks, will retire from P&G, effective September 1, 2011, after 35 years of service. Effective February 1, Steele will serve as vice chairman – Health Care Strategy, reporting to P&G chairman of the board, president and chief executive officer Robert A. McDonald.

His career has included introducing several successful new P&G brands, including Swiffer, designing and leading P&G’s North American Market Development Organization, leading P&G’s Family Care, Coffee, Pet Care and Snacks businesses, and leading the strategy for P&G’s consumer health care business, including the divestiture of pharmaceuticals.

“Rob has been and remains an outstanding leader whose impact on P&G stretches across the Company and will endure for decades to come,” says McDonald. “He led P&G’s North America business from 2000 to 2006, delivering six consecutive years of value-share growth, and he played a pivotal role in the successful integration of Gillette’s North America Commercial Operations. More recently, he has revitalized our Global Health and Well-Being strategy and portfolio, focusing on businesses where P&G can win long term.”

As part of this management change, P&G will consolidate its current three Global Business Units (GBUs) into two: Beauty & Grooming and Household Care. The Oral Care and Feminine Care businesses will become part of P&G’s Beauty and Grooming GBU. The Personal Health Care, Pet Care and Snacks businesses will become part of P&G’s Household Care GBU. These moves will help ensure each of these businesses continues to get the full investment required for growth globally while benefitting from synergies with P&G’s larger businesses.

Effective February 1, 2011, Charlie E. Pierce, group president – global oral care and Steve Bishop, group president – global feminine care will report to Ed Shirley. Tom Finn, president – global health care and Dan Rajczak, senior vice president – global snacks and pet care will report to Dimitri Panayotopoulos.

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