P&G’s David Taylor named chairman
CINCINNATI – Procter & Gamble on Wednesday announced that David Taylor will be appointed chairman of the board, effective July 1, 2016. Taylor assumes the position in addition to his role as president and CEO following the retirement of current executive chairman A.G. Lafley, who was named chairman, president and CEO in 2013.
“I want to recognize and thank A.G. for his legacy of leadership at P&G,” Taylor stated. “Over the past three years in particular, A.G. was instrumental in leading our strategic, leadership and cultural transformation, rationalizing our portfolio, instituting a productivity mindset, and building our global leadership team. We are now better positioned for the long term to address both the challenges and opportunities before us.”
Taylor joined P&G in 1980. He has helped to build many of P&G’s core businesses, including Baby Care, Family Care, Hair Care and Home Care. He has led global businesses, and lived and worked in North America, Europe and Asia. Prior to being named CEO, Taylor served as group president of Global Beauty, Grooming and Health Care. Previously, Taylor was responsible for Family Care and Home Care, both of which delivered consistent double-digit profit and mid-single-digit sales growth under his leadership.
Taylor and Lafley have worked closely together in the past year on the company’s strategy to strengthen and focus P&G’s business and brand portfolio.
Lafley served as CEO from 2000 to 2009, and returned from retirement to serve as CEO again from 2013-2015. From 2015, as executive chairman, Lafley led the board of directors and provided advice and counsel on company and business strategies, portfolio choices and organization decisions.
ALDI to debut a range of personal care products for baby
BATAVIA, Ill. — Discount grocer ALDI plans to introduce its first full line of baby products, Little Journey, in August.
From newborn diapers to training pants, cleansing wipes to gentle baby wash, formula to organic pouches, Little Journey will feature nearly 50 quality, affordably priced everyday essentials parents and little ones need.
"Our ALDI customers spoke, and we listened. The Little Journey product line is another way we're using our shoppers' feedback to make grocery shopping as simple and convenient as possible," explained Liz Ruggles, director of marketing, ALDI, and a mom. "With Little Journey we're able to better support and grow with our shoppers and their families – from those first smiles to the first day of preschool and beyond."
The company announced that the Little Journey line will be available at all ALDI locations coast-to-coast to further the grocer’s commitment to providing an easier, more convenient grocery shopping experience.
Additionally, to celebrate the product launch, ALDI kicked off a baby Facebook photo contest this week in search of the first ‘face’ of the new brand. One lucky baby will win a $30,000 grand prize and $500 worth of Little Journey products.
ALDI operates more than 1,500 US stores in 34 states.
Johnson & Johnson to buy OGX shampoo maker for $3.3B
NEW BRUNSWICK, N.J. — Johnson & Johnson is looking to strengthen its position in hair care by agreeing to acquire Vogue International, a privately held personal care products company, for approximately $3.3 billion in cash.
J&J said the acquisition will include the OGX collection of shampoos, conditioners, treatments, styling products, body care and bath products, the FX line of hair styling products, and the Proganix and Maui Moisture hair care lines.
"Our acquisition of Vogue International's full line of leading advanced hair care products sold in the U.S. and in 38 countries will strengthen our global presence in this important category. Vogue International's commitment to quality, innovation, and consumer preference complement our Consumer portfolio, while also presenting attractive hair care category growth opportunities for Johnson & Johnson," said Jorge Mesquita, Worldwide Chairman, Consumer, Johnson & Johnson.
The transaction is subject to antitrust clearance and other customary closing conditions. The transaction is expected to close during the third quarter of 2016. Upon closing, the transaction is not expected to impact the 2016 sales or earnings guidance ranges that Johnson & Johnson announced on April 19, the company said.
Unilever, Henkel and L'Oreal had reportedly submitted first round bids for Vogue in the past few months, according to Reuters. Vogue International was founded in 1987 in Clearwater, Fla.