03/09/2022
Outgoing Procter & Gamble president and CEO David Taylor said marketers “should not be worried” about former CFO Jon Moeller taking the reins, pledging marketing will continue to be a key channel for investment as the business looks to maintain its “superiority”.
Currently COO and was CFO, Moeller was announced as his successor yesterday (29 July), with Taylor shifting to the executive chairman role in November where he will lead the board of directors and provide council to Moeller.
Taylor says the FMCG giant has invested heavily in marketing this quarter by 170 basis points, in addition to the increase of 270 basis points in 2020.