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McDonald Takes Over as P&G Chairman

A.G. Lafley to step down as chairman on Jan. 1.

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By: TOM BRANNA

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The A.G. Lafley era at Procter & Gamble will come to a close on Jan. 1, 2010.Lafley (62) will retire from the company effective February 25, 2010. He will step out of his role as chairman on January 1, 2010. Robert A. McDonald , (56), currently president and chief executive officer, has been elected chairman of the board, in addition to his other responsibilities, effective January 1, 2010. According to P&G, since becoming president and chief exe...

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