Proctor and Gamble 2004 Annual Report Download - page 13
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Please find page 13 of the 2004 Proctor and Gamble annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.InJuly2004,werealignedP&G’sbusinessunitsand
madeassociatedmanagementchanges.Therealignments
streamlineourbusinessoperationstosupportfurthergrowth.
Theyaffectorganizationalignmentonly(theywillnot
resultinanyspecialcharges).P&GretainsitsuniqueGlobal
BusinessUnit/MarketDevelopmentOrganization/Global
BusinessServicesstructure.Itisbuildingbusinessesand
deliveringcompetitiveadvantage.
We’reimplementingthesechangesasseveralseniorP&G
leaderspreparetoretire.Weowetheseleadersagreat
debtofgratitude.Theyhavemadelastingcontributionsto
acceleratingP&G’sgrowthandbuildingstrongorganizations.
We’lltaptheirexperienceintheirremainingmonthswith
theCompanytoensureasmoothtransitiontothenext
generationofP&Gleaders:
•SteveDavid,ChiefInformationOfficerandBusiness-
to-BusinessOfficer.StevewillretireJanuary2,2005
Wealsore-titledthecombinationofourMarket
DevelopmentOrganizations,GlobalBusinessServicesand
otherbusinessfunctionsintoonenewunitcalled
GlobalOperations.
Thefourbusinessunitsareledbyvicechairmen:
•SusanArnoldisViceChairman–GlobalBeautyCare.
aftermorethan34yearsofservice.
•MikeGriffith,President–GlobalBeverages.Mikewill
retireJanuary2,2005aftermorethan23yearsofservice.
•MarkKetchum,President–GlobalBabyandFamilyCare.
MarkwillretireNovember1,2004aftermorethan33
yearsofservice.
•JorgeMontoya,President–GlobalSnacksandBeverages/
LatinAmericaMarketDevelopmentOrganization.Jorgewill
retireOctober1,2004aftermorethan33yearsofservice.
•MartinNuechtern,President–GlobalHairCare.Martin
willretireJune30,2005aftermorethan26yearsofservice.
Whyarewerealigningthebusinessunits?OurBeautyand
HealthCarebusinesseshavegrowndramatically.Asthe
sizeofkeybusinesseschangedwithacquisitionsand
divestitures,itbecameclearweneededtorebalanceand
refocusourGlobalBusinessUnitstocreateunitsofabout
thesamesize.BeautyCare,HouseholdCare,andHealth,
BabyandFamilyCareareeachabout$17billioninsales.
Individually,eachwouldrankwithinthetop115companies
intheFortune500.®
WerebalancedandrefocusedourGlobalBusinessUnitstocreateunitsof
aboutthesamesize.BeautyCare,HouseholdCare,andHealth,Babyand
FamilyCareareeachabout$17billioninsales.Individually,eachwould
rankwithinthetop115companiesintheFortune500.®
Organization/ManagementChanges
Balanced
Organization
GlobalBeautyCare
GlobalHouseholdCare
GlobalHealth,Baby
andFamilyCare
Susanwaspreviouslythepresident–GlobalPersonal
BeautyCareandGlobalFeminineCare.
•BruceByrnesisViceChairmanoftheBoard–Global
HouseholdCare.Brucewaspreviouslyvicechairmanof
theboardandpresident–GlobalBeautyandFeminine
CareandGlobalHealthCare.
•KerryClarkisViceChairmanoftheBoard–GlobalHealth,
BabyandFamilyCare.Kerrywaspreviouslyvicechairman
oftheboardandpresident–GlobalMarketDevelopment
andBusinessOperations.
•BobMcDonaldisViceChairman–GlobalOperations.
Bobwaspreviouslythepresident–GlobalFabricand
HomeCare.
Thesevicechairmenandtheotherseniormanagers–
linepresidentsandglobalstaffofficers–provideuswith
anextremelystrong,collaborativeleadershipteam.Few
companiescanmatchthediversityandbreadthoftheir
totalexperience.Thechangesbuildonoursuccessful
organizationstructure,andmaintainsignificantcontinuity
ofleadershiptodrivefurthergrowth.
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