P&G unveils big restructuring, including shift in its top spot

Article Abstract:

Procter & Gamble Co. (P&G) has initiated a major corporate restructuring that includes the promotion of Chief Operating Officer Dirk I. Jager to CEO beginning January 1, 1999. Jager will succeed John E. Pepper, P&G's chief executive since March 1995, who will remain chairman and will oversee the restructuring program until his retirement in Sept. 1999. The plan, which calls for the elimination of region-based business units, will place the profit responsibility directly on P&G's seven executives in charge of its worldwide product units. Pepper, who is leading the reorganization, said the restructuring is intended to facilitate decision-making and to ensure the delivery of P&G products to the market faster.

Comment:

Initiates a major corporate restructuring that includes the promotion of COO Dirk I Jager to CEO beginning 1/1/99

Soap and Other Detergent Manufacturing, Soaps & Detergents, Procter & Gamble Co., Cleaning agents industry, Article

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Motorola CEO, at odds with directors, resigns

Article Abstract:

Christopher B. Galvin, the chairman and chief executive of Motorola Inc., has resigned from his posts. Galvin's resignation comes amid his disagreements he had with the company's directors.

Galvin, Christopher B.

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Motorola rises 9.2% following resignation of chairman, CEO

Article Abstract:

Motorola Inc. said that Christopher B. Galvin, the company's chairman and chief executive, has resigned from his posts. The news caused Motorola's stock value to increase 9.2%.

Securities issued, listed, Securities, Company securities, Chairpersons

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