(Reuters) -Procter & Gamble said on Monday CEO Jon Moeller is stepping away from the top job after four years in the role, and that he would be succeeded by Chief Operating Officer Shailesh Jejurikar.
The reshuffle in the top position comes amid a string of similar announcements from consumer-facing companies globally.
In the United States, companies are removing their CEOs at the fastest pace in two decades, with data showing that at least 41 CEOs have exited S&P 500 companies so far this year, compared with 49 for all of 2024.
Here are some examples of major CEO changes in the past year:
Company Details
Nestle Nestle in August 2024 ousted
CEO Mark Schneider and
appointed company veteran
Laurent Freixe to the role.
Unilever The company ousted chief
executive Hein Schumacher in
February, replacing him with
finance chief Fernando
Fernandez.
Kohls Kohl’s fired CEO Ashley
Buchanan in May after an
investigation found he had
pushed for deals with a
vendor with whom he had a
personal relationship, after
little more than 100 days in
the position.
Stanley Black & Decker The power tools maker, in
June, appointed operations
chief Christopher Nelson as
its next CEO and President,
effective October 1,
succeeding Donald Allan Jr.,
who is set to retire.
Hershey Hershey, in July, named
burger chain Wendy’s chief
Kirk Tanner as its CEO,
effective August 18,
replacing Michele Buck, who
is set to retire.
Hindustan Unilever Hindustan Unilever, in July,
named Priya Nair as managing
director and CEO, replacing
Rohit Jawa well before the
completion of his five-year
term as the company’s chief.
Kenvue The Band-Aid and Tylenol
maker fired its CEO Thibaut
Mongon in July, laying what
some investors expect will be
the groundwork for an
eventual sale of the entire
company or pieces of it, and
named director Kirk Perry as
interim CEO.
Diageo The Johnnie Walker whisky and
Guinness beer maker’s CEO,
Debra Crew, stepped down
after two years in the job in
July, with finance chief Nik
Jhangiani taking over in the
interim.
Procter & Gamble Procter & Gamble CEO said in
July that CEO Jon Moeller is
stepping away from the role;
to be succeeded by Chief
Operating Officer Shailesh
Jejurikar.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Alan Barona)
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