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Industry Roundup: P&G Leadership, Unilever Sale, Ad Claims

Patterson Medical adds Performance Health; EarlySense targets consumer expansion; faster capsule filler available; and more news in brief.

Steering Procter & Gamble Co.'s portfolio streamlining and earnings turnaround is entirely out of longtime executive A.G. Lafley's hands as he retires as executive chairman and President and CEO David Taylor adds board chairman to his job titles on July 1. Taylor has been with the Cincinnati-based health, personal and household card product firm since 1980 and moved in November 2015 to the top post from heading P&G's beauty, grooming and health care business. Lafley initially was P&G CEO from 2000 through 2009 and returned in 2013 after his first successor, Bob McDonald, stepped down due to activist investor pressure over losses in market share and missed earnings targets. As executive chairman, he provided advice and counsel to Taylor and other P&G executives on strategies, portfolio choices and organization decisions ([A#05150803013]). In P&G June 1 release, Taylor said, “Over the past three years in particular" Lafley "was instrumental in leading our strategic, leadership and cultural transformation, rationalizing our portfolio, instituting a productivity mindset, and building our global leadership team.”

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