P&G CEO Lafley Said to Be Close to Passing Reins to Taylor
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Procter & Gamble Co. Chief Executive Officer A.G. Lafley may announce his retirement this week after a board meeting Tuesday, a person familiar with the matter said, setting the stage for heir apparent David Taylor to take the reins.
The announcement could come as soon as Thursday, when Lafley is scheduled to speak on P&G’s fourth-quarter earnings call, according to the person, who asked not to be identified because the plans aren’t public. The Wall Street Journal reported on Monday that Taylor’s elevation to the top job may be announced that day.