The assistant brand manager, who has become a competitive cricketer, is currently heading for the $368 billion giant. Meet P&G’s new CEO Shailesh Jejurikar
Procter & Gamble is rise An operating veteran with global experience leading the consumer goods giant in navigating ambitious workforce restructuring, tariffs and geopolitical headwinds. Leadership Shuffle comes one month after P&G announcement It cuts 7,000 jobs, equivalent to about 15% of the non-manufacturing workforce.
Chief Operating Officer Shailesh Jejurikar58, is scheduled to officially take the reins on January 1, 2026. announcement on monday. The current CEO, Jon Moeller, will move into the role of executive chair, where he will lead the board and advise Jejurikar. The executive chair seats do not have a Moeller timeline. The P&G board decides how long he will stick.
said Damon Jones, a spokesman for P&G. luck Moeller has a strong track record and legacy at P&G. The company ranks 149th in the Fortune 500. The most admired company in the world.
“We’re excited to introduce you to the latest trends in our leadership,” said Joe Jimenez, Lead Independence Director, P&G Board. “The company continues to consistently provide strong growth and value creation through John’s steady leadership as CEO. With strong plans in place for sustainable success, it’s time to move to Shailesh as CEO. We are fortunate and grateful for John to continue as executive chairman.”
Jejurikar has been COO since 2021 and previously served as chief executive officer of Global Fabric and Home Care. From 2016 to 2021, Jejurikar was P&G’s executive sponsor of global sustainability, integrating the integration of the company’s sustainability goals into business operations, focusing on the positive environmental and social impact while creating shareholder value. LinkedIn situation.
P&G pays Jejurikar a salary of $1.6 million and a potential bonus of $3.2 million. The board awarded him $14 million in long-term stock, splitting performance shares and long-term incentive awards evenly. Last year, Jejurikar made it $10 million As COO, Moller’s total compensation was valued at $23 million.
From Headboy to CEO
That’s what P&G was like Founded in 1837 English-born candlewilliam Proctor and Irish-born soap maker James Gamble. Between 1999 and 2000, apart from the short stints led by Dutch-born Durk Jager, P&G, Jejurikar, a naturalized citizen, will be the second CEO born outside the US to lead the company.
His rise to the top in P&G came after spending his childhood in India. Jejulical said P&G alumni Podcast In 2023 he began schooling in a region outside Mumbai. The nearest school was 45 minutes’ drive away, he said.
He moved to Hyderabad in the eighth grade and began attending school as a junior. Jejulkal said his high school days in Hyderabad helped him truly find himself. He discovered cricket. Cricket was a sport he was a great sport and competed and played every Sunday. In Grade 12, he was appointed headboy of the school, offering a real opportunity for leadership.
Jejulical said that one of his main life lessons came in his time as a head boy. Students usually woke up in the morning, went to PE, went back to the dorm and took a shower before going to study time. As a head boy, it was Jaejrkar’s job to make sure everyone’s rooms were tidy and beds were made. He usually made a bed every morning before departing for PE, but he had one day rushed and forgotten. He had checked and cleared the other student’s rooms, and realized he had forgotten to make his own bed.
Jejulical says he eventually realized that his chemistry teacher had discovered the mistake and made a bed.
“It left me the biggest lesson,” Jejulikar said.
Jejurikar went to university on Bombay and then earned his MBA Indian Institute of Management At Lucknow. P&G hired him as an assistant brand manager in 1989 and has since worked for companies in various cities around the world.
Raise your own CEO
P&G is famousBuild from inside“In the culture and its 174-year history, we have never hired a CEO other than our own rank. Executives with a 30-year track record in the company are no exception, the rules, P&G said.
Former Superstar CEO Ag LafleyJager stepped aside to a role of less than two years and worked from 2000 to 2009, and he took over. Bob McDonald I took over him. McDonald’s navigated its operations through the global financial crisis, and in 2013 the P&G Board brought Lafrey back. Boomerang CEOrather than looking outside.
One of the main priorities after Lafrey returned to his second stint was to focus the board on succession plans for his replacement. He handed the baton in 2015 David TaylorHe served as CEO from 2015 to 2021 and executive chairman from 2021 to 2022.
Restructuring Plan Jejurikar’s inheritance includes withdrawing certain brands, sales and market exits. A series of slides It will be presented in Deutsche Bank Consumer Conference in Paris last month.
“It’s an honor to be CEO of P&G,” Jejurikar said. Company Statement. “The people at P&G, our brands, and our ability to innovate and operational excellence drive my trust in the future of sustainable growth and value creation.”
“I am honored to be CEO of P&G. I am extremely proud of the value created by the people of P&G through an outstanding integration strategy,” Moeller said. “We look forward to supporting Shailesh and our entire team. They continue to improve the performance and value of our P&G brands and categories to win with consumers and customers around the world.”