P&G unveils big restructuring, including shift in its top spot
Article Abstract:
Procter & Gamble Co. (P&G) has initiated a major corporate restructuring that includes the promotion of Chief Operating Officer Dirk I. Jager to CEO beginning January 1, 1999. Jager will succeed John E. Pepper, P&G's chief executive since March 1995, who will remain chairman and will oversee the restructuring program until his retirement in Sept. 1999. The plan, which calls for the elimination of region-based business units, will place the profit responsibility directly on P&G's seven executives in charge of its worldwide product units. Pepper, who is leading the reorganization, said the restructuring is intended to facilitate decision-making and to ensure the delivery of P&G products to the market faster.
Comment:
Initiates a major corporate restructuring that includes the promotion of COO Dirk I Jager to CEO beginning 1/1/99
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Motorola CEO, at odds with directors, resigns
Article Abstract:
Christopher B. Galvin, the chairman and chief executive of Motorola Inc., has resigned from his posts. Galvin's resignation comes amid his disagreements he had with the company's directors.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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Motorola rises 9.2% following resignation of chairman, CEO
Article Abstract:
Motorola Inc. said that Christopher B. Galvin, the company's chairman and chief executive, has resigned from his posts. The news caused Motorola's stock value to increase 9.2%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
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