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
McDonald became CEO in July 2009. Under his leadership, P&G has grown sales by an average of nearly 4 percent per year over the past two years, core earnings per share an average of nearly 7 percent and adjusted free cash flow 106 percent. McDonald joined P&G in 1980 as a brand assistant. He became COO in 2007 after serving as vice chairman of global operations for three years.
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, Global Operations
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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- Procter & Gamble, Chemicals Division
- 1 Procter & Gamble Plaza
- Cincinnati, Ohio 45202