Multinational consumer goods corporation Procter & Gamble names Shailesh Jejurikar as their new chief executive officer.
Procter & Gamble Announces New CEO and Major Workforce Restructuring
Procter & Gamble (P&G) has announced that Shailesh Jejurikar will be its new CEO, effective January 1, 2026. The current CEO, Jon Moeller, will transition to an executive chairman role to lead the board and provide guidance to Jejurikar.
Jejurikar, who has been the COO of P&G since 2021, has been praised for his extensive operational expertise and global experience. His track record as COO includes steering operational efficiency during a phase where P&G must cut 7,000 jobs and reduce costs by $1.6 billion.
The long-term equity awarded to Jejurikar is split between performance shares and long-term incentive awards, with a total value of $14 million. In addition, he has a potential bonus valued at $3.2 million.
Moeller's tenure at P&G is recognized for successfully implementing integrated portfolio and organizational strategies. His continued involvement as Executive Chairman is intended to bolster strategic oversight and counsel.
P&G's fiscal year 2026 guidance includes a $1 billion hit due to higher costs from tariffs. Mid-single-digit price increases will affect about a quarter of P&G's items during the first quarter of fiscal 2026. Andre Schulten, the CFO of P&G, mentioned the price increases during a media call.
Jejurikar was previously the chief executive of global fabric and home care at P&G. He also served as the executive sponsor of global sustainability at P&G from 2016 to 2021.
Moeller, in a news release, acknowledged P&G's growth and profit in fiscal 2025 and return of high levels of cash to shareowners. He expressed confidence in Jejurikar's ability to lead the company through the ongoing major workforce restructuring, tariff challenges, and geopolitical uncertainties.
Jejurikar, in his statement, expressed confidence in P&G's future growth and value creation. P&G ranks 149 on the Fortune 500 and is 19th on the World's Most Admired Companies list.
The leadership change reflects a deliberate, planned approach to navigating economic pressures and internal restructuring, leveraging Jejurikar’s operational skills for day-to-day management while retaining Moeller’s strategic leadership at board level.
P&G recently reported quarterly results that beat Wall Street's expectations. The company's future under Jejurikar's leadership is highly anticipated, as he takes the reins amidst challenging economic conditions and internal changes.
In the new leadership structure at Procter & Gamble (P&G), Shailesh Jejurikar, now the CEO, will continue to utilize his extensive operational expertise and global experience, which he demonstrated by managing the company's cost-cutting measures and operational efficiency in the finance and business sector. Meanwhile, Jon Moeller, in his role as Executive Chairman, will provide strategic oversight and guidance, drawing from his successful implementation of integrated portfolio and organizational strategies across the industry.
