Lafley Leaves Big Shoes to Fill at P&G

—Peter Drucker

After a legendary nine-year run, one of the most celebrated CEOs in Corporate America, Procter & Gamble (PG) Chief Executive Officer A.G. Lafley, is expected to announce that he is stepping aside, according to sources close to executives at the Cincinnati-based consumer-goods titan. P&G is preparing a management transition that would replace Lafley with Chief Operating Officer Robert McDonald, a 29-year company veteran, as soon as Tuesday, June 9, according to a report in .