Procter & Gamble Co. said Chief Operating Officer Jon Moeller will succeed David Taylor as president and chief executive officer, elevating a career veteran to lead the consumer-products giant.
The change will go into effect Nov. 1. Taylor, 63, has served as CEO for almost six years and will stay on as executive chairman, the company said in a statement Thursday.
Moeller, 57, has climbed the ranks from his early days as a food analyst to become the public face of P&G in recent years. Since joining in 1988, he’s held more than a dozen roles with the company. He became the Cincinnati-based company’s chief financial officer in 2009, adding a vice chairman title in 2017. He was head of both finance and operations starting in 2019, before relinquishing the CFO job earlier this year.
The timing of Moeller’s promotion makes “perfect sense” as the company concludes its fiscal year and emerges from the pandemic, Taylor said in an interview. He pledged to support Moeller with the “high trust” they’ve built over the past decade.
“We go from strength to strength,” Taylor said. “I’ll take my cues from Jon on where I can be most helpful to him and the company. The idea is a seamless transition.”