McDonald is out and Lafley returns at P&G

05/23/2013 | Wall Street Journal, The

Procter & Gamble says CEO Bob McDonald is stepping down and former President and CEO A.G. Lafley is emerging from retirement to become CEO, president and chairman. "A.G.'s track record and his depth of experience at P&G make him uniquely qualified to lead the company forward at this important time," said Jim McNerney, presiding director of the board.

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