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P&G shuffles upper managers as European chief retires

Published on .

Procter & Gamble Co. on Monday elevated two executives, believed by many analysts to be future CEO candidates, following the announcement that Harald Einsmann, exec VP and president-Europe, Middle East and Africa, will retire.

Assuming Mr. Einsmann's post overseeing P&G's European business will be Wolfgang C. Berndt, currently exec VP and president-North America.

Succeeding Mr. Berndt as head of P&G's North American business will be A.G. Lafley, currently exec VP and president-Asia, and an executive considered by many P&G watchers to be in line for the CEO job some time in the next decade. Widely regarded as next in line to succeed current P&G Chairman-CEO John Pepper upon his retirement is P&G President-Chief Operating Officer Durk Jager.

Succeeding Mr. Lafley on P&G's Asian business will be R. Kerry Clark, currently P&G group VP and president, laundry and cleaning products-North America, also considered by some analysts as one of the top future CEO candidates in the company.

Mr. Einsmann will retire Feb. 1 after a 38-year P&G career. Starting Oct. 1, he will serve on special assignment to Mr. Pepper, triggering the other management changes.

Copyright June 1998, Crain Communications Inc.

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