THE WHAT? Procter & Gamble has announced the appointment of Andre Schulten as Chief Financial Officer, succeeding Jon Moeller in that capacity.

THE DETAILS Schulten, currently Senior Vice President- Baby Care, North America Moeller will take over from Moeller in March, 2021. Moeller will retain his role as Vice Chairman and Chief Operating Officer.

THE WHY? David Taylor, P&G’s Chairman of the Board, President and Chief Executive Officer, explains, “Andre is well equipped to take on this role, with a distinguished career in finance and accounting as well as critical business leadership recently leading North America Baby Care. He is a strong and decisive leader, with an innate ability to rally an organization behind a compelling vision.”

Regarding Moeller, Taylor continued, “Over the course of 12 years, Jon has been key in creating a focused, winning strategy and a bold company transformation that is delivering for our consumers and shareholders today. We will continue to benefit from his leadership as Chief Operating Officer and his focus on delivering balanced growth and value creation.”