US-based Procter & Gamble (P&G) is to restructure the company through the creation of six new industry-based sector business units (SBUs) for its largest geographic markets.
From July 1, 2019, operations will be divided into Beauty; Baby & Feminine Care; Fabric & Home Care; Family Care & Ventures; Grooming; and Health Care. Each SBU will be led by a ceo who will report to P&G chairman, president and ceo David Taylor.
The SBUs will be directly responsible for sales, profit, cash and value creation in the company’s largest markets—the US, Canada, China, Japan, the UK, Germany, France, Spain, Italy and Russia—and adjacent countries.
“This is the most significant organization change we’ve made in the last 20 years,” said Taylor, adding that the change would help speed up operations.
P&G cfo Jon Moeller has had his role expanded to vice chairman, coo and cfo and will continue to report to Taylor.