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P&G unveils organizational changes
November 13th, 2013
CINCINNATI – Procter & Gamble Co. has announced the retirement of three senior executives and the departure of another.
The consumer products giant said Wednesday that Dimitri Panayotopoulos, vice chairman and advisor to chairman and chief executive officer A.G. Lafley, is slated to retire effective Jan. 2 after 37 years of service. Panayotopoulos has served as adviser to the CEO since July 1, 2013.
"We appreciate Dimitri's considerable contributions over his long and successful career, building leading positions for the company in Egypt and then the Middle East, China, Central and Eastern Europe, and Africa," stated Lafley, who also is P&G's president. "He concluded his distinguished career by leading our global business units through challenging times."
P&G also announced that chief technology officer Bruce Brown will retire on Aug. 31 after more than 34 years at the company, and Robert Fregolle, global customer business development officer, is due to retire on June 30 after over 36 years of service.
Effective Feb. 1, both Brown and Fregolle will hold the title of officer on special assignment until their planned retirement dates. Brown has served as chief technology officer since 2008, and Fregolle has been global customer business development officer since 2009.
Kathleen Fish, vice president of research and development for global fabric care, has been named to succeed Brown as chief technology officer effective Feb. 1. She will report to Lafley.
Appointed to succeed Fregolle as global customer business development officer is Carolyn Tastad, currently vice president of global market strategy and planning and One Go-to-Market Optimization. She is slated to assume the new role on Feb. 1 and will report to vice chairman of global operations Werner Geissler and Lafley.
"These changes demonstrate the depth and strength of P&G's leadership bench," Lafley added. "Dimitri, Bruce and Bob have each served P&G for more than 34 years and have made a lasting, positive impact on the company. Kathy and Carolyn are experienced P&G leaders who will continue to strengthen our innovation and go-to-market capabilities going forward."
In addition, P&G said Kirk Perry, president of global family care, is slated to leave P&G effective Dec. 2 to pursue other interests. Steven Bishop, group president for global feminine care, has been named group president for global feminine and family care. Bishop will continue to report to Martin Riant, group president for global baby, feminine and family care.