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Procter & Gamble Announces Changes To Its Board Of Directors

  Procter & Gamble Announces Changes To Its Board Of Directors

           Johnathan Rodgers to Retire and Terry Lundgren Appointed

Business Wire

CINCINNATI -- January 8, 2013

The Procter & Gamble Company (NYSE:PG) today announced that current P&G
Director Johnathan Rodgers has decided not to seek re-election at P&G’s annual
shareholder meeting in October 2013, choosing to retire from the Board at that
time. The Company also announced the appointment of Terry Lundgren, 60,
chairman, president and chief executive officer of Macy’s Inc. to its board of
directors. The appointment is effective immediately.

Terry Lundgren (Photo: Business Wire)

Terry Lundgren (Photo: Business Wire)

Mr. Rodgers, 66, who is a member of the Governance & Public Responsibility and
Innovation & Technology committees of the board, has been a director since
2001. He is a former broadcast and cable television executive.

“Johnathan has been an outstanding director and a pillar of support to P&G for
more than a decade. He is one of longest serving directors and his knowledge
and perspectives of media, communications and technology have been
instrumental in shaping our thinking. We will continue to benefit from those
contributions until his departure in October and thank him for his dedicated
service over the years,” commented chairman, president and chief executive
officer, Mr. Bob McDonald.

"We are delighted to welcome Terry Lundgren to the board,” continued Mr.
McDonald. “He brings extensive leadership, strategy and risk management
experience, as well as exceptional knowledge of the consumer industry and
dynamic marketing practices. His hands-on experience in organizational
optimization will be invaluable as we continue to drive our productivity
programs forward.”

Mr. Lundgren will serve on the Governance & Public Responsibility and the
Innovation & Technology committees of the P&G Board.

Mr. Lundgren has been chairman, president and chief executive officer of
Macy’s since 2004. Macy’s is one of the world’s leading and most recognized
department stores with over 840 retail sites across the U.S. It was acquired
by Federated Department Stores in 1994 and Federated assumed the Macy’s name
in 2007.

Mr. Lundgren joined Federated in 1975 and became president of its Bullock
Wilshire operation in 1987. He was next appointed chairman and chief executive
officer of Neiman Marcus in 1988 and six years later returned to Federated as
chairman and chief executive officer of its merchandising group. He was
promoted to president and chief merchandising officer in 1997. He became chief
operating officer in 2002 and chief executive officer the following year. He
was a member of the Federated board of directors from 1997 and appointed
chairman in 2004.

Mr. Lundgren received the retail industry’s pre-eminent honor, the Gold Medal
Award, from the National Retail Federation in 2008 and has been an active
leader in many retail industry initiatives over many years. He was appointed
commissioner on women’s economic development by the Mayor of New York in 2002
and was presented with Carnegie Hall’s third annual Medal of Excellence for
outstanding philanthropic leadership in the arts in 2008. He is currently a
member of the board of directors of Kraft Foods Groups, Carnegie Hall,
Partnership for New York City, Federal Reserve Bank – New York and chairman of
the National Retail Federation.

About Procter & Gamble

P&G serves approximately 4.6 billion people around the world with its brands.
The Company has one of the strongest portfolios of trust, quality, leadership
brands including Pampers, Tide, Ariel, Always, Whisper, Pantene, Mach3,
Bounty, Dawn, Fairy, Gain, Charmin, Downy, Lenor, Iams, Crest, Oral-B,
Duracell, Olay, Head & Shoulders, Wella, Gillette, Braun, Fusion, Ace,
Febreze, Ambi Pur, SKII and Vicks. The P&G community includes operations in
approximately 75 countries worldwide. approximately 127,000 employees working
in about 80 countries worldwide. Please visit http://www.pg.com for the latest
news and in-depth information about P&G and its brands.

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Contact:

Procter & Gamble
Paul Fox, Corporate Communications, 513-983-3465
fox.pd@pg.com