P&G Realigns Units

Publish Date: 
February 3, 2011

Procter & Gamble Co. announced a major reorganization Tuesday, consolidating its three global business divisions into two: beauty and grooming, and household care.  The move comes as Robert Steele, vice chairman of P&G's $14.6 billion global health and well-being unit, plans to retire Sept. 1.  Effective Tuesday, Steele will become vice chairman of P&G's health-care strategy.  As part of the management move, P&G will split its global health and well-being portfolio between its two new global business units.
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