Procter & Gamble CEO Jon Moeller is stepping down in a shock transfer simply after 4 years with the corporate, and the buyer items big mentioned he could be succeeded by operating chief Shailesh Jejurikar.
Mr. Moeller, who had been on the helm since 2021, will develop into government chairman and can “provide advice and counsel to the CEO on company matters,” P&G mentioned in a press release on Monday, a day earlier than it was scheduled to report its quarterly outcomes.
It didn’t disclose the rationale for the change in management.
Under Moeller, the corporate navigated a post-pandemic gross sales growth, as effectively as rising bills and sticky inflation. P&G shares gained roughly 13% throughout his four-year tenure.
In June, the corporate mentioned it will minimize 7,000 jobs over the subsequent two years and exit some product classes and types in sure markets, together with some potential divestitures, as a part of the broader two-year restructuring plan.
The firm, which makes Pampers diapers and Head & Shoulders shampoo, in April warned of upper product costs as a result of a rise in enter prices from the commerce struggle at a time of weakening shopper spending. Its inventory is down about 6% to this point this 12 months.
Mr. Jejurikar’s appointment, efficient January 1, 2026, retains up with P&G’s desire of naming inner candidates for the highest job. Moeller had additionally risen by means of the ranks earlier than changing into the COO after which CEO of the corporate.
The board has nominated Jejurikar as a director on the annual shareholder assembly in October 2025.
Mr. Jejurikar has held roles throughout a number of P&G companies, together with Health & Beauty Care and P&G Professional. Prior to his present function, he was the pinnacle of P&G’s Fabric & Home Care, which incorporates manufacturers such as Tide, Ariel and Downy.
