A.G. Lafley is moving full-time into the role of Chairman of P&G's Board of Directors after serving as CEO from 2000 to 2009. Bob McDonald has been elected President and Chief Executive, effective July 1, 2009.

Under Lafley's leadership, P&G has focused on consumer-driven innovation and consistent, reliable sustainable growth. The Company has more than doubled sales since the beginning of the decade, and has grown its portfolio of billion-dollar brands from 10 to 23.

Bob McDonald is the most broadly and globally experienced CEO in P&G history. He has worked side-by-side with A.G. Lafley as an integral member of P&G's leadership team for nearly a decade – and has nearly 30 years of brand management, market development, global business unit and global operations leadership experience across the Company and throughout the world.

About Bob McDonald

Bob joined Procter & Gamble in 1980, working on prominent brands such as Dawn, Cascade and Tide. He spent most of the 1990s leading P&G's businesses in the Philippines, Japan and Korea, including responsibility for P&G's Hair Care business in Asia and the P&G Beauty business in Japan.

More recently, Bob led Global Fabric & Home Care, the Company's largest and most mature business, which delivered strong sales growth and record-setting profits during his tenure. As Vice Chair, Global Operations, he led P&G's market development organizations and was a member of the team that created the Company's winning Low-Cost Business Model, which has helped drive developing markets to more than 30% of Company sales and company-average margins.

	A.G. Lafley introduces Bob McDonald as next P&G CEO
	Bob McDonald addresses employees as incoming CEO
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