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Former CEO returns after pressure from investor Ackman.
May 24, 2013
By: TOM BRANNA
Editor
Bill Ackman got his way after all. Former Procter & Gamble chairman and CEO AG Lafley has rejoined the company as CEO, effective immediately. He replaced Bob McDonald who retired. “AG.’s track record and his depth of experience at P&G make him uniquely qualified to lead the company forward at this important time,” said Jim McNerney, presiding director of P&G’s board of directors. “The board expects AG to further improve results, implement the current productivit...
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