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CINCINNATI - Procter & Gamble Co (NYSE:PG) announced Monday that Chief Operating Officer Shailesh Jejurikar will succeed Jon Moeller as President and Chief Executive Officer effective January 1, 2026.
Moeller will transition to the role of Executive Chairman, where he will lead the Board of Directors and provide counsel to the CEO. The company, which boasts an impressive track record of raising dividends for 41 consecutive years and maintains a healthy 2.67% dividend yield, has also nominated Jejurikar to stand for election as a Director at the annual shareholder meeting in October 2025.
Jejurikar, who joined P&G in 1989, has been part of the company’s global leadership team since 2014. He has held various senior leadership positions across multiple businesses and regions, including global Fabric Care and Home Care, and has worked in North America, Europe, Asia, and Latin America.
"Shailesh has been an integral part of P&G’s leadership team with substantial contributions across multiple businesses and in both developed and developing regions," said Joe Jimenez, Lead Director of P&G’s Board, in a press release statement.
Jejurikar has also played a key role in developing the company’s strategies in Supply Chain, Information Technology, and Global Business Services.
"I am honored to serve as P&G’s CEO," said Jejurikar. "P&G people, our brands, and our capabilities in innovation and operational excellence fuel my confidence for a future of sustained growth and value creation."
Moeller, who has overseen the implementation of P&G’s integrated portfolio, superiority, productivity, and organization strategy, expressed pride in the value created during his tenure as CEO.
"I look forward to supporting Shailesh and the entire team as they continue to improve the performance and value of P&G brands and categories," Moeller said.
P&G serves consumers globally with a portfolio of brands including Tide, Pampers, Gillette, and Olay, with operations in approximately 70 countries worldwide.
In other recent news, The Procter & Gamble Company announced a quarterly dividend of $1.0568 per share, payable to shareholders of record on July 18, 2025. This development highlights the company’s ongoing commitment to returning value to its shareholders. Additionally, Procter & Gamble has expanded its Board of Directors with the appointment of Craig Arnold, former CEO of Eaton Corporation, bringing his extensive global experience to the team. In financial maneuvers, the company issued $1.25 billion in new debt, comprising $700 million of notes due in 2030 and $550 million of notes due in 2035. This issuance was confirmed through a filing with the Securities and Exchange Commission. Meanwhile, Evercore ISI reiterated its outperform rating for Procter & Gamble, maintaining a price target of $190.00. The research firm noted the company’s ongoing organizational restructuring efforts aimed at enhancing efficiency and adaptability. These developments reflect Procter & Gamble’s strategic initiatives in leadership, financial management, and organizational restructuring.
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