Procter & Gamble Announces Organization Changes

  Procter & Gamble Announces Organization Changes

       P&G Organizes Global Business Units into Industry-Based Sectors

Business Wire

CINCINNATI -- June 5, 2013

The Procter & Gamble Company (NYSE:PG) today announced it is grouping its
Global Business Units into four industry-based sectors as part of the
Company’s ongoing plan to improve business performance. These changes support
the Company’s current growth strategies of strengthening developed market
businesses, maintaining developing market momentum, building a strong
innovation pipeline, and driving productivity improvements.

“This sector organization and leadership team will help us operate more
effectively and efficiently to continue momentum behind P&G’s growth
strategies,” said A.G. Lafley, P&G Chairman of the Board, President and Chief
Executive Officer. “These changes build on the productivity and organization
design work led by Bob McDonald, and will help us get closer to consumers and
become more agile with customers.”

New Sector Groups

The businesses in each sector are focused on common consumer benefits, share
common technologies, and face common competitors. Each sector will be led by a
Group President.

  *Martin Riant has been elected Group President of Global Baby, Feminine and
    Family Care. This Sector includes the following global categories: Baby
    Care, Family Care, and Feminine Care. Mr. Riant will lead the Sector in
    addition to his current responsibilities as Group President – Global Baby
    Care.
  *Deborah A. Henretta has been elected Group President of Global Beauty.
    This Sector includes the following global categories: Beauty Care, Retail
    Hair Care and Color, Salon Professional, and Prestige. Ms. Henretta will
    lead the Sector in addition to her current responsibilities as Group
    President – Global Beauty Care.
  *David S. Taylor, currently Group President – Global Home Care, has been
    elected Group President of Global Health and Grooming. This Sector
    includes the following global categories: Shave Care, Braun, Oral Care,
    Health Care and Pet Care. In addition to leading the Sector, Mr. Taylor
    will assume additional responsibility for the Pet Care business,
    succeeding Jorge S. Mesquita who is leaving the Company to pursue outside
    interests. Charles E. Pierce, currently Group President – Global Oral
    Care, will also assume the additional responsibilities for New Business
    Creation and Innovation currently held by Mr. Mesquita. Mr. Pierce will
    report to Mr. Taylor for Oral Care and to Mr. Lafley for New Business
    Creation and Innovation.
  *Giovanni Ciserani has been elected Group President of Global Fabric and
    Home Care. This Sector includes the following global categories: Fabric
    Care, Home Care, and Power. Mr. Ciserani will lead the Sector in addition
    to his current responsibilities as Group President – Global Fabric Care.
    In connection with this, George Tsourapas, currently Vice President–Fabric
    and Home Care, Central and Eastern Europe, Middle East and Africa, has
    been elected President-Global Home Care and P&G Professional, succeeding
    David Taylor. Mr. Tsourapas will report to Mr. Ciserani.

With their expanded roles, Mr. Ciserani, Ms. Henretta, Mr. Riant and Mr.
Taylor will report directly to Mr. Lafley. Presidents for each of the global
business units included in each sector will now report to the respective
Sector Group President. These changes are effective July 1, 2013.

“We expect this structure to facilitate faster global expansion of brand and
product innovations to win with consumers,” Mr. Lafley said. “Sectors will
also drive technical, commercial, financial and organizational synergies to
improve results.”

Concurrent with these changes, P&G is also announcing that Dimitri
Panayotopoulos, currently Vice Chairman, Global Business Units, has been
elected Vice Chairman and Advisor to the Chairman and Chief Executive Officer
effective July 1, 2013. Mr. Panayotopoulos will continue to report to Mr.
Lafley.

Also effective July 1, 2013, Melanie L. Healey, Group President - North
America and Global Hyper, Super and Mass Channel, will report to Mr. Lafley in
addition to Werner Geissler, Vice Chairman, Global Operations. This change
reflects the size and impact of the North America market to P&G’s business.
Mr. Geissler will continue reporting to Mr. Lafley as Vice Chairman, Global
Operations, with particular focus on Western Europe and developing markets.

“This will strengthen our focus on go-to-market excellence in our core
developed and developing markets,” Mr. Lafley said. “Taken together, these
organization changes will help us operate better and faster as one unified
team to win.”

Forward-Looking Statements

Certain statements in this release or presentation, other than purely
historical information, including estimates, projections, statements relating
to our business plans, objectives, and expected operating results, and the
assumptions upon which those statements are based, are “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements generally
are identified by the words “believe,” “project,” “anticipate,” “estimate,”
“intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,” and similar
expressions. Forward-looking statements are based on current expectation and
assumptions that are subject to risks and uncertainties which may cause
results to differ materially from the forward-looking statements. We undertake
no obligation to update or revise publicly any forward-looking statements,
whether because of new information, future events or otherwise.

Risks and uncertainties to which our forward-looking statements are subject
include: (1) the ability to achieve business plans, including growing existing
sales and volume profitably and maintaining and improving margins and market
share, despite high levels of competitive activity, an increasingly volatile
economic environment, lower than expected market growth rates, especially with
respect to the product categories and geographical markets (including
developing markets) in which the Company has chosen to focus, and/or
increasing competition from mid- and lower tier value products in both
developed and developing markets; (2) the ability to successfully manage
ongoing acquisition, divestiture and joint venture activities to achieve the
cost and growth synergies in accordance with the stated goals of these
transactions without impacting the delivery of base business objectives; (3)
the ability to successfully manage ongoing organizational changes and achieve
productivity improvements designed to support our growth strategies, while
successfully identifying, developing and retaining particularly key employees,
especially in key growth markets where the availability of skilled or
experienced employees may be limited; (4) the ability to manage and maintain
key customer relationships; (5) the ability to maintain key manufacturing and
supply sources (including sole supplier and plant manufacturing sources); (6)
the ability to successfully manage regulatory, tax and legal requirements and
matters (including, but not limited to, product liability, patent,
intellectual property, price controls, import restrictions, environmental and
tax policy), and to resolve pending matters within current estimates; (7) the
ability to resolve the pending competition law inquiries in Europe within
current estimates; (8) the ability to successfully implement, achieve and
sustain cost improvement plans and efficiencies in manufacturing and overhead
areas, including the Company's outsourcing projects; (9) the ability to
successfully manage volatility in foreign exchange rates, as well as our debt
and currency exposure (especially in certain countries with currency exchange,
import authorization or pricing controls, such as Venezuela, China, India and
Argentina); (10) the ability to maintain our current credit rating and to
manage fluctuations in interest rate, increases in pension and healthcare
expense, and any significant credit or liquidity issues; (11) the ability to
manage continued global political and/or economic uncertainty and disruptions,
especially in the Company's significant geographical markets, due to a wide
variety of factors, including but not limited to, terrorist and other hostile
activities, natural disasters and/or disruptions to credit markets, resulting
from a global, regional or national credit crisis; (12) the ability to
successfully manage competitive factors, including prices, promotional
incentives and trade terms for products; (13) the ability to obtain patents
and respond to technological advances attained by competitors and patents
granted to competitors; (14) the ability to successfully manage increases in
the prices of commodities, raw materials and energy, including the ability to
offset these increases through pricing actions; (15) the ability to develop
effective sales, advertising and marketing programs; (16) the ability to stay
on the leading edge of innovation, maintain the positive reputation of our
brands and ensure trademark protection; and (17) the ability to rely on and
maintain key information technology systems and networks (including Company
and third-party systems and networks), the security over such systems and
networks, and the data contained therein. For additional information
concerning factors that could cause actual results to materially differ from
those projected herein, please refer to our most recent 10-K, 10-Q and 8-K
reports.

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 trusted, 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®, SK-II®, and Vicks®. The
P&G community includes operations in approximately 75 countries worldwide.
Please visit http://www.pg.com for the latest news and in-depth information
about P&G and its brands.

Contact:

P&G Media Contacts:
Paul Fox, 513-983-3465
P&G Investor Relations Contact:
John Chevalier, 513-983-9974
 
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