Firm widens competitive streak with CEO choice

Article Abstract:

Procter & Gamble has chosen Durk Jager, its current COO, to take the place of outgoing CEO John Pepper. While Pepper depended on his affinity for teamwork and personal cordiality to run Procter & Gamble, Jager has the reputation of being a tough manager. Jager said that he supposed he has more direct, Dutch style that can be very straightforward. After Jager's assumption of the CEO post, the COO position will be eliminated, leaving no doubts on who is in control. Under Procter & Gamble's grand plan, Jager's task will be to do away with weaker brands and those with no potential for global success.

Comment:

Has chosen Durk Jager, its current COO, to take the place of outgoing CEO John Pepper

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

---

Road bike sales sputter despipte Armstrong's victory

Article Abstract:

Road bike marketers are hoping to take advantage of Lance Armstrong's second consecutive Tour de France victory. The victory would have its biggest impact on Trek, which makes his bike and has an endorsement deal with him valued at approximately $500,000. Trek gained from Armstrong's victory in 1999 by boosting sales of road bikes to around 40% from Jun 1999 to Jun 2000. Although some marketers are optimistic that Armstrong may goose sales, they are guarded about overall industry prospects.

Sporting and Recreational Goods and Supplies Wholesalers, Wholesale sales, Sporting & Recreational Goods Whsle

---

Dell takes a hit after issuing sales warning

Article Abstract:

Dell Computer share price plummeted after it released a warning that 3rd qtr 2000 sales would be lower than expected. Dell management announced to a group of Wall Street analysts that quarterly revenue would be up 27% over the corresponding quarter in 1999 vs earlier estimates of 30%. Its shares dropped 8.7% to $25.75 in heavy after-hour trading. Dell blames the faltering euro for weakened European sales as well as the slow sales to small businesses.

Electronic Computer Manufacturing, Sales, profits & dividends, Computers, Dell Inc.

Similar abstracts:

• Abstracts: Advertising executive relishes role as agent of change. Reality bites into advertising market. Feel-good ads top picks for international awards
• Abstracts: CEO rises above severe dyslexia. Retiring Deloitte CEO built his career on integrity
• Abstracts: Nissan pours on the macho with controversial ads. Ford, Firestone say adhesive is linked to bad tires. Nissan drives yearly earnings to record

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.