P&G expands board with former Eaton CEO Craig Arnold

CINCINNATI - The Procter & Gamble Company (NYSE:PG) announced on Monday the addition of Craig Arnold to its Board of Directors, marking a strategic move to enhance its leadership team with his extensive global experience. Arnold, who previously served as Chairman and CEO of power management company Eaton Corporation, stepped into his role at P&G effective today.

Arnold’s tenure at Eaton, which concluded in May 2025, was notable for driving the company toward integrating renewable energy and digital technologies, thereby expanding its revenue and environmental sustainability efforts. His leadership skills were honed during his time as President and COO, and later as Vice Chairman and COO of Eaton’s Industrial Sector, where he significantly improved the company’s performance and market presence.

With a career that began at General Electric, Arnold’s roles spanned several business units and international markets, equipping him with a versatile skill set. His current positions include serving as the lead independent board director for Medtronic, Inc. and as a board member for community organizations such as the United Way of Greater Cleveland and the Salvation Army of Greater Cleveland.

Jon Moeller, P&G’s Chairman of the Board, President, and CEO, expressed confidence in Arnold’s capabilities, citing his "depth of global experience, expertise managing diversified portfolios, and proven track record in innovation management and operational excellence" as assets that will enhance P&G’s consumer and market growth strategies.

Procter & Gamble, known for its wide array of consumer goods including brands like Always®, Ariel®, and Tide®, operates in roughly 70 countries. The appointment of Arnold to the board aligns with the company’s ongoing commitment to leadership and innovation in serving its global customer base.

This board appointment is based on a press release statement from Procter & Gamble.

In other recent news, Procter & Gamble reported its fiscal Q3 2025 earnings, revealing an earnings per share (EPS) of $1.54, which fell short of the anticipated $1.55. The company’s revenue also missed expectations, coming in at $19.78 billion compared to the forecasted $20.36 billion. In addition to these earnings results, Procter & Gamble issued $1.25 billion in new debt, comprising $700 million of 4.050% notes due in 2030 and $550 million of 4.600% notes due in 2035. This financial maneuver was completed under an existing shelf registration statement.

Meanwhile, RBC Capital Markets upgraded Procter & Gamble’s stock rating to Outperform from Sector Perform, raising the price target to $177. This upgrade suggests confidence in the company’s ability to navigate current market challenges. Conversely, Redburn-Atlantic downgraded the stock from Buy to Neutral, lowering the price target to $161, citing a slowdown in growth compared to previous years. These differing analyst views highlight the mixed sentiment surrounding Procter & Gamble’s future performance.

Despite the revenue shortfall, Procter & Gamble maintained strong cash flow, returning $3.8 billion to shareholders through dividends and share buybacks. The company’s strategic initiatives and market performance remain under scrutiny as it faces external pressures, including tariff impacts and slowing global growth. Investors continue to monitor these developments closely, given their potential implications for Procter & Gamble’s financial health and market positioning.

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