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P&G Announces Executive Changes

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By: TOM BRANNA

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The Procter & Gamble Company announced today that Michael Clasper, 48, president-global home care, will retire from the companyon July 1, 2001 after more than 23 years of service. The company also said that Herbert Schmitz, president-Central & Eastern Europe, Middle East and Africa, will retire on September 30, 2001 after more than 37 years of service.Mr. A. G. Lafley, P&G’s president and chief executive, said, “Herbert Schmitz and Mike Clasper have made great contribu...

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