Procter & Gamble names working chief Shailesh Jejurikar as CEO

 Procter & Gamble CEO Jon Moeller is stepping down in a shock transfer simply after 4 years with the corporate, and the patron items big stated he can be succeeded by working chief Shailesh Jejurikar.

Mr. Moeller, who had been on the helm since 2021, will develop into government chairman and can “present recommendation and counsel to the CEO on firm issues,” P&G stated in an announcement on Monday, a day earlier than it was scheduled to report its quarterly outcomes.

It didn’t disclose the explanation for the change in management.

Under Moeller, the corporate navigated a post-pandemic gross sales increase, in addition to rising bills and sticky inflation. P&G shares gained roughly 13% throughout his four-year tenure.

In June, the corporate stated it might lower 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 resulting from a rise in enter prices from the commerce warfare at a time of weakening client spending. Its inventory is down about 6% thus far this yr.

Mr. Jejurikar’s appointment, efficient January 1, 2026, retains up with P&G’s desire of naming inside candidates for the highest job. Moeller had additionally risen by 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 position, he was the top of P&G’s Fabric & Home Care, which incorporates manufacturers equivalent to Tide, Ariel and Downy.