Coty appoints P&G veteran as interim CEO amid leadership changes
Coty has appointed a veteran from Procter & Gamble as its new executive chair as part of a leadership restructuring.
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P&G to Increase Prices Amid $1 Billion Tariff Impact
Procter & Gamble will raise prices on about 25% of its U.S. products starting in August to offset $1 billion in anticipated tariff costs for fiscal year 2026, affecting brands across categories like fabric care, baby care, and personal health, with premium products seeing the most significant increases.
P&G appoints Shailesh Jejurikar as new CEO to drive growth
Procter & Gamble is appointing Shailesh Jejurikar, a seasoned operations executive and former cricket player, as its new CEO starting January 2026, succeeding Jon Moeller who will become executive chairman. Jejurikar's rise reflects P&G's tradition of internal leadership development amid ongoing restructuring efforts, including job cuts and brand divestitures.
Shailesh Jejurikar Named P&G CEO to Drive Growth and Restructuring
Procter & Gamble announced that Shailesh Jejurikar will succeed Jon Moeller as CEO effective January 1, 2026, with Moeller becoming Executive Chairman. Jejurikar, a long-time P&G leader, has been recognized for his contributions across various regions and categories. The company highlighted a strategic leadership transition aimed at sustaining growth and value creation.
P&G Boosts Profit Forecast Amid Strong US Consumer Demand
Procter & Gamble raised its annual profit forecast due to strong consumer demand in the US and Europe, despite lower-than-expected third-quarter net sales. The company attributed the increase to lower commodity costs and sustained consumer purchases of its premium products. While P&G's sales in the US and Europe remained robust, sales of its high-end SK-II skin care line in China declined, impacting overall performance. The company now expects a $900 million after-tax benefit from favorable commodity costs for fiscal year 2024 and anticipates core earnings per share to rise between 10% and 11% in the current fiscal year.
"Procter & Gamble Recalls 8.2 Million Defective Laundry Pods in US"
Procter & Gamble is recalling 8.2 million bags of laundry detergent pods in the U.S. due to a packaging flaw that could pose a risk of injury to children. The recall includes Tide Pods, Gain Flings, Ace Pods, and Ariel Pods manufactured between September 2023 and February 2024. The company received three reports of children ingesting the pods, prompting the voluntary recall. The risk stems from the outer packaging splitting open near the zipper track, exposing children to potentially harmful chemicals. This recall also affects a small number of units sold in Canada.
"Market Movers: Intel, Ford, Exxon, P&G, Roku, Enphase, Sleep Number, and More"
Intel, Ford, Exxon, P&G, Roku, Enphase, Sleep Number, and more are among the stocks that are making significant moves in the stock market today.
P&G's Earnings Soar on Back of Price Hikes.
Procter & Gamble reported higher earnings for the quarter, driven by increased prices on consumer goods. The company's revenue also rose, but missed analysts' expectations.