P&G Cost-Cutting Successes Spark Productivity Strategy Changes

Procter & Gamble Co. ramps up its productivity efforts with the addition of a global officer of productivity and organization transformation. The firm says it is on track to achieve cost-cutting goals stated in an initiative it announced in February 2012.

Procter & Gamble Co. is ramping up its productivity efforts by adding a global officer of productivity and starting organization transformation, with executives saying the firm may take further measures to reduce overhead.

During the firm's fiscal 2013 first-quarter conference call Oct. 25, Chief Financial Officer Jon Moeller said P&G has “identified and...

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