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McDonald’s Out, Lafley’s In at Procter & Gamble

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By: TOM BRANNA

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• Procter & Gamble: has a new, but familiar chief executive officer. Former chairman and CEO A.G. Lafley has rejoined the company as CEO, effective immediately. He replaced Bob McDonald, who retired. “A.G.’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 A.G. to further improve results, implement the current produc...

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