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Indian-Origin CEO Takes Helm as P&G Chairman
30 Jul
Summary
- Shailesh Jejurikar now leads P&G as both chairman and CEO.
- He is the first Indian-origin president and chief executive.
- Jejurikar's appointment follows Jon Moeller's retirement after 38 years.
Shailesh Jejurikar has assumed the additional role of chairman at Procter & Gamble, effective August. He previously became the first Indian-origin president and chief executive on January 1. Jejurikar's appointment signals a significant leadership transition for the consumer goods company.
He takes over from executive chairman Jon Moeller, who is set to retire on July 31 after a 38-year career with P&G. Moeller's departure marks the end of an era, with Jejurikar now consolidating the top two positions, a feat not seen since Moeller himself stepped down as CEO.
Jejurikar's rise is notable as he is the first Asian chief executive in P&G's 187-year history. An alumnus of IIM Lucknow, he joined P&G in India in 1989. He has since led businesses across multiple continents and divisions.
The leadership change occurs amidst challenges for the sector, including slowing demand, tariff disruptions, and a sweeping restructuring. P&G has warned of weak consumer spending in key markets and announced plans to eliminate approximately 7,000 jobs.
