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Procter & Gamble

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By: Jamie Matusow

Editor-in-Chief

Robert A. McDonald, former president and chief executive officer of Procter & Gamble, was elected chairman of the board, in addition to his other responsibilities, effective January 1, 2010.

A.G. Lafley, former chairman of the board, will retire from P&G, effective February 25, 2010. He left his role as chairman on January 1, 2010. Lafley was succeeded as chief executive officer by McDonald on July 1, 2009. He continued to serve as chairman of the board to support the management transition.

Linda Clement-Holmes has been appointed senior vice president- global diversity and global business services, for P&G. The 27-year P&G veteran, will maintain her existing global business services responsibilities as well as take on new ones.

Lynn M. Martin, in accordance with P&G’s retirement age for directors, has retired as a member of the board.

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