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New P&G Head Has His Work Cut Out For Him

October 5, 2013: 12:00 AM EST
Analysts expect the new head of P&G to focus on five key areas as he works to restore consistent growth to the giant consumer goods company. At the top of the list of A.G. Lafley’s priorities is boosting productivity systematically, rather than episodically. A key emphasis will be cost reduction through job cuts. Other key focus areas include: concentration on big brands;  fixing the beauty business, which operates on high profit margins; considering possible divestitures of brands like Iams pet food, Duracell batteries and Braun appliances; and grooming a successor. The 66-year-old Lafley served as P&G’s CEO before, retiring in 2010.
Alexander Coolidge, "Shoring up beauty unit, productivity key at P&G", Cincinnati.com, October 05, 2013, © news.cincinnati.com
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