Procter & Gamble president and CEO David Taylor’s exit apparently signaled to a board member it’s time to relinquish the seat he gained after being critical of the firm’s direction under Taylor and forcing a proxy vote when his hedge fund purchased roughly $3.5bn in shares.
Investor Critical Of P&G Management Before Election To Board Follows CEO Out The Door
In tones completely opposite from when Nelson Peltz sought a board seat in 2017, P&G CEO David Taylor and Peltz congratulated each other in P&G’s announcement.
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