- Push-out Score determined
- After about six years in the position
- Praise and thanks for Taylor
- Jon Moeller taking over
- Taylor will remain as Executive Chairman at Procter & Gamble
- Taylor said 94 words
(exechange) — Cincinnati, Ohio, July 29, 2021 — David Taylor, chief executive of Procter & Gamble, leaves his position. As announced by Procter & Gamble Co. in a news release and in a regulatory filing published on Thursday, July 29, 2021, David S. Taylor leaves his post as chief executive officer at the consumer products company after about six years in the role, effective November 1, 2021.
David Taylor’s duties as CEO will be taken over by Jon R. Moeller, currently Vice Chairman and Chief Operating Officer at Procter & Gamble Co.
“Now is the time”
David Taylor’s departure from the CEO post is explained as follows. James McNerney, Lead Director of P&G’s Board, said: “A strong plan for sustained success is in place and the Board unanimously agrees that now is the time to transition to Jon as CEO.”
Taylor will remain as Executive Chairman at Procter & Gamble
“On November 1, 2021, David Taylor will become Procter & Gamble’s Executive Chairman. In this role, Mr. Taylor will lead the Board of Directors, and provide advice and counsel to the CEO and P&G leadership on Company decisions,” Procter & Gamble said.
“Transition”
Procter & Gamble said: “David S. Taylor, Chairman of the Board, President and Chief Executive Officer, will transition into the role of Executive Chairman of the Board, effective November 1, 2021, to serve at the pleasure of the Board of Directors.”
Share price increase since November 2015
The announcement follows an increase in Procter & Gamble Co.’s share price of 81% since November 2015. November 2015 is the month in which Taylor’s tenure as CEO began.
In the position of CEO since 2015
David Taylor became CEO of the Company in 2015.
Taylor is Chairman of the Board, President and Chief Executive Officer of the Company.
He has been President and CEO since 2015 and was elected Chairman of the Board in 2016.
Taylor joined the Company in 1980 and, since that time, has held numerous positions of increasing responsibility in North America, Europe, and Asia in virtually all of the Company’s core businesses.
Prior to becoming CEO, Taylor’s roles included Group President-Global Beauty, Grooming & Health Care, Group President-Global Health & Grooming, Group President-Global Home Care, and President-Global Family Care.
He also played a key role in the design of P&G’s portfolio optimization strategy and has been leading the company through a transformation since 2015.
Taylor also serves as the Chairman of The Alliance to End Plastic Waste, an initiative to advance solutions to eliminate unmanaged plastic waste in the environment.
Taylor has been a Director of Delta Airlines since 2019.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding David Taylor’s move on a scale of 0 to 10.
exechange reached out to Procter & Gamble and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 31.2021 ($).