One of the world’s largest consumer goods companies, Procter & Gamble, recently announced that it will promote its COO, Shailesh Jejurikar, to the position of CEO, as Jon Moeller, the current CEO, plans to step down from the role after four years.
A day before P&G was supposed to report its quarterly results, the company said in a statement that Moeller will step down as the CEO and will become executive chairman and “provide advice and counsel to the CEO on company matters.”
The reason for the leadership change has not been disclosed yet, but Damon Jones, the Chief Communication Officer of P&G, told news agency Reuters that Moeller’s departure was part of a planned transition made by the board, and no health concerns are leading to the transition, as some news reports initially suggested.
The Cincinnati-based consumer goods company has had a tumultuous history with CEOs, dating back to the mid-1990s. Moeller’s predecessor, David Taylor, was CEO for six years, two of which were during the COVID-19 pandemic, when the company faced shortages and supply chain disruptions. Then, in a similar fashion, Taylor served as executive chairman of the board.
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Under Moeller’s leadership, the company successfully navigated a post-pandemic sales boom, as well as rising inflation and expenses. During his tenure, the company’s share prices increased 13%, which is in line with the S&P 500 index. However, in April, the company announced that the cost of its products might increase, citing high input costs resulting from the trade wars, at a time of weakening consumer spending. As a result, the company’s share price has dropped by almost 6% in 2025.
