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Procter & Gamble: It Is Time For Some New Blood

According to a recent WSJ article, Procter & Gamble (NYSE:PG) is getting ready to replace its CEO A.G. Lafley. The report notes that senior company executives have held private meetings with analysts and investors, essentially laying the groundwork for his departure. This article will focus on how this move could impact Procter & Gamble and what moves the company is making to remedy its recent underperformance.

According to the WSJ report, Procter & Gamble could name a new CEO by the end of its current financial year, which concludes in June. The likely replacement is expected to be 56-year-old David Taylor, a 35 year veteran of the company. However, it was hinted that Mr. Lafley would remain as chairman for another year or two to help smooth the transition to the new CEO. Read more