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• Procter & Gamble announced new roles for two of its vice chairman, with Susan Arnold taking on the role of president, responsible for the company’s global units, and Robert McDonald becoming COO, with responsibility for global operations.

The Wall Street Journal this morning reports that both Arnold and McDonald are considered the likely successors to CEO AG Lafley, though he is still five years from mandatory retirement.

According to the Journal, “P&G group presidents promoted to vice-chair posts as part of yesterday's announcement include Dimitri Panayotopoulos, 55, who will oversee global household care; Robert Steele, 51, who will oversee global health and well-being businesses; and Werner Geissler, 54, who will assume the post of vice chair, global operations, succeeding Mr. McDonald.

“Chief Financial Officer Clayton Daley was also elected vice chairman and continues to report to Mr. Lafley. Bruce Byrnes, currently vice chairman of household care, will step down next year, advising on global brand-building training until then.

“As part of the job shuffle, three former Gillette executives who were given some of the most senior positions in the combined company will retire later this year. They are Bruce Cleverly, 62, Mary Ann Pesce, 52, and Mark Leckie, 53. Their retirements are among a handful of departures of P&G executives.”
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