CP50: Procter & Gamble, Chemicals Division
P&G began producing chemicals in 1837 when the company started making candles using stearic acid and reselling red oil as a co-product. The company has a long history of investments in the oleochemicals market, including the company’s first branded product, Star Glycerin, in 1858. P&G’s chemicals division has manufacturing operations in Asia, Europe and North America. Corporatewide, P&G employs more than 138,000 workers in over 80 countries. What began as a small, family-operated soap and candle company now provides products and services to consumers in more than180 countries. Revenues topped $83 billion in 2007for the world’s No. 1 provider of household products.
Chairman, President and CEO
Lafley previously served as P&G’s President & CEO from 2000 to 2009. Lafley was first elected president and chief executive of P&G in 2000. In the nine years that followed, annual organic sales grew—on average— 5 percent, core earnings-per-share grew 12 percent and free cash flow productivity increased 111 percent. He retired from P&G in early 2010 and served as a senior advisor at Clayton, Dubilier & Rice until returning to P&G in 2014.
Jon R. Moeller
Moeller arrived at P&G in 1988 as a cost analyst for food products. He was named Vice President-Finance & Accounting, Global Beauty Care in 2005, and then Vice President & Treasurer in 2007. He assumed the role of CFO in 2009.
Vice Chairman and Adviser to the CEO
A native of Germany, Werner spent two years with the German Air Force before graduating with an MBA from the University of Cologne. He joined Procter & Gamble in 1979 as a brand assistant in the marketing department. He has held positions of increasing responsibility in brand and general management and worked in several categories including Household Care, Cosmetics and Fragrances, Baby Care, Tissue Towels and Hair Care.
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