Proctor and Gamble 2004 Annual Report Download - page 13

In฀July฀2004,฀we฀realigned฀P&G’s฀business฀units฀and฀฀
made฀associated฀management฀changes.฀The฀realignments฀
streamline฀our฀business฀operations฀to฀support฀further฀growth.฀
They฀affect฀organization฀alignment฀only฀(they฀will฀not฀฀
result฀in฀any฀special฀charges).฀P&G฀retains฀its฀unique฀Global฀฀
Business฀Unit/Market฀Development฀Organization/Global฀
Business฀Services฀structure.฀It฀is฀building฀businesses฀and฀
delivering฀competitive฀advantage.
We’re฀implementing฀these฀changes฀as฀several฀senior฀P&G฀
leaders฀prepare฀to฀retire.฀We฀owe฀these฀leaders฀a฀great฀฀
debt฀of฀gratitude.฀They฀have฀made฀lasting฀contributions฀to฀
accelerating฀P&G’s฀growth฀and฀building฀strong฀organizations.฀
We’ll฀tap฀their฀experience฀in฀their฀remaining฀months฀with฀฀
the฀Company฀to฀ensure฀a฀smooth฀transition฀to฀the฀next฀
generation฀of฀P&G฀leaders:
•฀฀Steve฀David,฀Chief฀Information฀Officer฀and฀Business-฀
to-Business฀Officer.฀Steve฀will฀retire฀January฀2,฀2005฀฀
We฀also฀re-titled฀the฀combination฀of฀our฀Market฀
Development฀Organizations,฀Global฀Business฀Services฀and฀
other฀business฀functions฀into฀one฀new฀unit฀called฀฀
Global฀Operations.
The฀four฀business฀units฀are฀led฀by฀vice฀chairmen:
•฀฀Susan฀Arnold฀is฀Vice฀Chairman฀–฀Global฀Beauty฀Care.฀
after฀more฀than฀34฀years฀of฀service.
•฀฀Mike฀Griffith,฀President฀–฀Global฀Beverages.฀Mike฀will฀฀
retire฀January฀2,฀2005฀after฀more฀than฀23฀years฀of฀service.
•฀฀Mark฀Ketchum,฀President฀–฀Global฀Baby฀and฀Family฀Care.฀
Mark฀will฀retire฀November฀1,฀2004฀after฀more฀than฀33฀฀
years฀of฀service.
•฀฀Jorge฀Montoya,฀President฀–฀Global฀Snacks฀and฀Beverages/
Latin฀America฀Market฀Development฀Organization.฀Jorge฀will฀
retire฀October฀1,฀2004฀after฀more฀than฀33฀years฀of฀service.
•฀฀Martin฀Nuechtern,฀President฀–฀Global฀Hair฀Care.฀Martin฀
will฀retire฀June฀30,฀2005฀after฀more฀than฀26฀years฀of฀service.
Why฀are฀we฀realigning฀the฀business฀units?฀Our฀Beauty฀and฀
Health฀Care฀businesses฀have฀grown฀dramatically.฀As฀the฀฀
size฀of฀key฀businesses฀changed฀with฀acquisitions฀and฀
divestitures,฀it฀became฀clear฀we฀needed฀to฀rebalance฀and฀
refocus฀our฀Global฀Business฀Units฀to฀create฀units฀of฀about฀฀
the฀same฀size.฀Beauty฀Care,฀Household฀Care,฀and฀Health,฀
Baby฀and฀Family฀Care฀are฀each฀about฀$17฀billion฀in฀sales.฀
Individually,฀each฀would฀rank฀within฀the฀top฀115฀companies฀฀
in฀the฀Fortune฀500.®
We฀rebalanced฀and฀refocused฀our฀Global฀Business฀Units฀to฀create฀units฀of฀
about฀the฀same฀size.฀Beauty฀Care,฀Household฀Care,฀and฀Health,฀Baby฀and฀
Family฀Care฀are฀each฀about฀$17฀billion฀in฀sales.฀Individually,฀each฀would฀
rank฀within฀the฀top฀115฀companies฀in฀the฀Fortune฀500.®
Organization/Management฀Changes
Balanced
Organization
Global฀Beauty฀Care
Global฀Household฀Care
Global฀Health,฀Baby
and฀Family฀Care









 
Susan฀was฀previously฀the฀president฀–฀Global฀Personal฀฀
Beauty฀Care฀and฀Global฀Feminine฀Care.
•฀฀Bruce฀Byrnes฀is฀Vice฀Chairman฀of฀the฀Board฀–฀Global฀
Household฀Care.฀Bruce฀was฀previously฀vice฀chairman฀of฀฀
the฀board฀and฀president฀–฀Global฀Beauty฀and฀Feminine฀฀
Care฀and฀Global฀Health฀Care.
•฀฀Kerry฀Clark฀is฀Vice฀Chairman฀of฀the฀Board฀–฀Global฀Health,฀
Baby฀and฀Family฀Care.฀Kerry฀was฀previously฀vice฀chairman฀฀
of฀the฀board฀and฀president฀–฀Global฀Market฀Development฀
and฀Business฀Operations.
•฀฀Bob฀McDonald฀is฀Vice฀Chairman฀–฀Global฀Operations.฀฀
Bob฀was฀previously฀the฀president฀–฀Global฀Fabric฀and฀฀
Home฀Care.
These฀vice฀chairmen฀and฀the฀other฀senior฀managers฀–฀฀
line฀presidents฀and฀global฀staff฀officers฀–฀provide฀us฀with฀฀
an฀extremely฀strong,฀collaborative฀leadership฀team.฀Few฀
companies฀can฀match฀the฀diversity฀and฀breadth฀of฀their฀฀
total฀experience.฀The฀changes฀build฀on฀our฀successful฀
organization฀structure,฀and฀maintain฀significant฀continuity฀฀
of฀leadership฀to฀drive฀further฀growth.
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