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P&G to Reorganize Structure in Move That Might Make Nelson Peltz Proud

Nelson Peltz

Nelson Peltz

Photographer: Patrick T. Fallon/Bloomberg

Procter & Gamble Co. said Thursday it will simplify its corporate structure, a move likely to please activist investor and board member Nelson Peltz, who spent much of last year agitating for a reorganization to goose innovation and recapture sales.