Procter & Gamble is elevating an operations veteran with world expertise to guide the patron items behemoth because it navigates an formidable workforce restructuring, tariffs, and geopolitical headwinds. The management shuffle comes a month after P&G introduced it could reduce 7,000 jobs, equal to about 15% of its non-manufacturing workforce.
Chief working officer Shailesh Jejurikar, 58, will formally take the reins on Jan. 1, 2026, the corporate introduced on Monday. Present CEO Jon Moeller will transition to an govt chairman position, the place he’ll lead the board and advise Jejurikar, the corporate stated. There’s no timeline for Moeller within the govt chair seat; the P&G board will decide how lengthy he’ll stick round.
P&G chief communications officer Damon Jones advised Fortune Moeller leaves behind a powerful monitor report and legacy at P&G. The corporate ranks 149 on the Fortune 500 and is nineteenth on the World’s Most Admired Corporations record.
“We thank Jon for his strategic management and steering as he has performed a pivotal position in designing and implementing P&G’s built-in portfolio, superiority, productiveness and group technique, as a part of one of the vital transformations within the firm’s historical past,” stated Joe Jimenez, lead unbiased director on P&G’s board. “The corporate has continued to constantly ship sturdy development and worth creation by way of Jon’s regular management as CEO. A powerful plan is in place for sustained success and now could be the time to transition to Shailesh as CEO. We’re lucky and grateful to have Jon proceed as Government Chairman.”
Jejurikar has served as COO since 2021 and beforehand held the position of chief govt of world cloth and residential care. From 2016 to 2021, Jejurikar was the chief sponsor of world sustainability at P&G, the place he led the combination of the corporate’s sustainability targets into enterprise operations with a concentrate on constructive influence on surroundings and society whereas creating worth for shareholders, his LinkedIn states.
P&G can pay Jejurikar $1.6 million in wage with a possible bonus valued at $3.2 million. The board awarded him long-term fairness valued at $14 million, evenly cut up between efficiency shares and long-term incentive awards. Final yr, Jejurikar made $10 million as COO, whereas Moller’s whole compensation was valued at $23 million.
From Head Boy to CEO
P&G was based in 1837 by English-born candlemaker William Procter and Irish-born cleaning soap maker James Gamble. Apart from a quick stint between 1999 and 2000 when P&G was led by Netherlands-born Durk Jager, Jejurikar—a naturalized citizen—would be the second CEO born outdoors the U.S. to guide the corporate.
His rise to the highest at P&G got here after a childhood spent in India. Jejurikar advised the P&G Alumni podcast in 2023 he began his education in an space outdoors Mumbai, which he described as being “just about in the course of nowhere.” The closest faculty was a 45-minute drive away, he stated.
He moved to Hyderabad in eighth grade and began boarding faculty as a junior. Jejurikar stated his highschool years in Hyderabad helped him actually discover himself. He found cricket, a sport he excelled at and performed competitively each Sunday. In twelfth grade, he was named head boy of the varsity, which provided him an actual likelihood at management.
Jejurikar stated one in every of his essential life classes got here throughout his time as head boy. College students normally wakened within the morning, went to PE, got here again to their dorms and showered earlier than going to a examine hour. As head boy, it was Jejurkar’s job to verify everybody’s rooms have been so as and beds have been made. He usually made his mattress each morning earlier than he left for PE, however he was dashing in the future and forgot. As he was checking different college students’ rooms to verify they’d tidied up, he realized he had forgotten to make his personal mattress.
Jejurikar stated he ultimately realized his chemistry trainer had found the error, made the mattress, and by no means talked about a phrase about it to Jejurikar—no remark, no lecture, nothing.
“It left me with the most important lesson, Jejurikar stated. “What I took away from that was by no means to ask anybody to do one thing I wouldn’t do myself.”
Jejurikar went to school in Bombay after which acquired his MBA from the Indian Institute of Administration in Lucknow. P&G employed him as an assistant model supervisor in 1989, and he has labored for the corporate in numerous cities all around the world within the many years since.
Develop Your Personal CEO
P&G famously employs a “construct from inside” tradition and in its 174-year historical past has by no means employed a CEO from outdoors its personal ranks. Executives with a 30-year monitor report on the firm are extra the rule fairly than the exception, P&G has stated.
Former celebrity CEO A.G. Lafley, who took over after Jager stepped apart lower than two years into the position, served from 2000 to 2009 earlier than Bob McDonald succeeded him. McDonald navigated the enterprise by way of the worldwide monetary disaster and in 2013, the P&G board introduced again Lafley for a second act as a boomerang CEO, fairly than look outdoors.
Certainly one of Lafley’s essential priorities after he got here again for a second stint was to focus the board on succession planning for his alternative. He handed the baton in 2015 to David Taylor, who served as CEO from 2015 to 2021, and as govt chairman from 2021 to 2022.
The restructuring plan Jejurikar is inheriting entails exiting sure manufacturers, divestitures, and market exits, the corporate defined in a collection of slides introduced on the Deutsche Financial institution Client Convention in Paris final month.
“I’m honored to function P&G’s CEO,” stated Jejurikar in a firm assertion. “P&G folks, our manufacturers, and our capabilities in innovation and operational excellence gasoline my confidence for a way forward for sustained development and worth creation.”
“It has been an honor to function CEO of P&G, and I’m extremely happy with the worth created by the folks of P&G by way of an built-in technique that’s being executed with excellence,” stated Moeller. “I look ahead to supporting Shailesh and your entire workforce as they proceed to enhance the efficiency and worth of P&G manufacturers and classes to win with customers and prospects all over the world.”
