Procter & Gamble: Who, Where, How Much?
Procter & Gamble
Who/where/how much?
Procter & Gamble Plaza
Cincinnati, OH 45202
Phone: 513-983-1100
Fax: 513-983-9369
Web site: www.pg.com
Structure/Ownership
P&G has subsidiaries in over 70 countries. Information about P&G’s worldwide operations.
P&G’s philosophy: ‘getting the benefits of being a global company but never forgetting the importance of winning locally in every market where the company does business.’[26]
P&G consists of 7 Global Business Units, responsible for overall business strategy and planning for P&G brands worldwide, and 8 Market Development Organisations, whose role is to drive sales of P&G brands in individual markets.
For information on P&G’s Subsidiary & Branch Locations, Corporate Hierarchy, and Manufacturing Branches, visit Hoover’s online: www.hoovers.com/co/capsule/1/0,2163,11211,00.html
P&G’s subsidiaries include:
Iams
Pet food manufacturer, based in the US. Notorious for its animal abuse record.
Purchased by P&G –also well known for its violent behaviour towards animals in 1999.
www.iams.com
See ‘animal abuse’ in theCorporate Crimes section below.
Reflect.com
From their home in San Francisco, Reflect.com proudly declares the company was born ‘from a desire to meet the individual beauty needs of women.’ More specifically:
‘In the new millennium, a personalised beauty dimension is more essential than ever. Women want and deserve individualised attention. Reflect.com is a modern vehicle, enabling women to express their own beauty and style.’
www.reflect.com
More on Reflect.com in the Corporate Crime section below.
Shareholders
P&G can be divided in two categories: preferred shareholders & common shareholders.
SHAREHOLDERS OF COMMON STOCK
’There were 1,090,000 common stock shareowners, including shareholders of record, participants in the Shareholder Investment Program, participants in P&G stock ownership plans and beneficial owners with accounts at banks and brokerage firms, as of July 27, 2001.’[27]
The University of California, In Defense of Animals (IDA) and J.P. Morgan are among P&G’s shareholders. Many members of the P&G board also hold shares [28/29].
‘25% of P&G stock in the world is in the hands of its employees.’[30]
Directors
| Norman R. Augustine Retired Chairman and Chief Executive Officer, Lockheed Martin Corporation and Chairman of the Executive Committee, Lockheed Martin (aerospace, electronics, telecommunications and information management) Donald R. Beall Scott D. Cook |
Domenico DeSole President and Chief Executive Officer and Chairman of Management Board, Gucci Group N.V.(multibrand luxury goods company)
Richard J. Ferris A. G. Lafley |
Charles R. Lee Chairman and Co-Chief Executive Officer, Verizon Communications (telecommunication services) Lynn M. Martin John E. Pepper Johnathan A. Rodgers John F. Smith, Jr. |
Ralph Snyderman Chancellor for Health Affairs, Executive Dean, School of Medicine at Duke University, and President/CEO of Duke University Health Systems Robert D. Storey Marina v.N. Whitman Ernesto Zedillo |
| A.G. Lafley CEO Lafley, aged 54, joined P&G's marketing division in 1977. Before joining P&G, Lafley served in the US Navy for five years. He was elected president and chief executive officer on 8 June 2000. He held a variety of positions in P&G's laundry and cleaning business before being named group vice president in 1992. In 1995, Lafley was named executive vice president with responsibility for Asia. In 1999 he was named president for the company's North American and Global Beauty Care divisions. His local and national activities include: past member, American Chamber of Commerce in Japan; member, Board of Trustees, Hamilton College; member, Board of Trustees, Cincinnati Symphony Orchestra; member, Board of Trustees, Cincinnati Institute of Fine Arts; and member, Board of Trustees, The Seven Hills School. He is also a member of P&G's Board of Directors [31]. Lafley has recently been appointed member of the General Motors (GM) board of directors, because "A.G. is well-regarded for building strong brands and franchises." Lafley will join the GM board in January 2002 [32]. He is also member of the Board of Governors of the educational Launder Institute. ‘The Lauder Institute's MBA/MA program "prepares future business leaders to excel in the global economy’ (…) and ‘encourages students to seek an internship with an multinational company’.[33] Lafley’s salary for fiscal year 2001 was $1.17 million (£809,913), according to a company proxy. The executive was paid a $799,100 (£553,163.39) salary last year [34]. This means his salary rose by 46.4% in one year! The P&G Board of Directors has elected Lafley chairman of the board effective 1st of July (2002) in addition to his current responsibilities. This is in anticipation of the retirement of Company Chairman John E. Pepper on the 1st of July , after 38 years of service. Clayton C. Daley Jr. Daley joined P&G in 1974. After holding various positions within the company, he became Chief Financial Officer in 1999. His local and national activities: Financial Executives Institute, 1991 Financial Executives Institute, Financial Executives Research Foundation, Trustee, 1994 Rotary Club of Cincinnati, 1996 Member, Board of Directors, Boy Scouts of America, Dan Beard Council, 1997 Former President; Board of Directors, Cancer Family Care, Inc. Member, Officers Conference Group, 1998 Member, Council of Financial Executives, 1998 [35]. |
| Others:
Domenico DeSole ‘The fashion house's chief executive, Domenico De Sole - whose partnership with the designer, Tom Ford, turned around Gucci's fortunes - has been elected to the P&G board. The partnership between Gucci, the Italian fashion label favoured by Victoria Beckham and Kate Moss, and P&G could lead to collaboration on toiletries and beauty products - P&G produces the Oil of Olay and Pantene ranges among others. "Domenico is a disciplined and dynamic business leader with strong experience in building global brands," said John E Pepper, the chairman of P&G's board.’[36] Norman R. Augustine Former CEO Lockheed Martin, ‘The Global Leader in Missiles & Space Systems.’ ‘Shopping for a jet fighter? Then check out Lockheed Martin, the world's #2 aerospace and defence firm (behind Boeing). The US government accounts for 70% of its sales.’[37] Ernesto Zedillo Former president of Mexico 1994-2000. Zedillo, who enthusiastically embraces and promotes neo-liberal virtues such as free trade and privatisation, recently labelled the so-called anti-globalisation protestors as "globaphobics with a protectionist agenda mostly targeted against developing countries." He continued: "In my view, they are as wrong as those within the political establishments of both developed and developing countries who continue to believe that isolationism is a good policy." [38] Critics claim that in Chiapas crimes against humanity are being perpetrated with the complicity of government officials. They have found that Government Officials have some responsibility in massacres taking place in Chiapas [39]. Ronald R. Beall Former CEO Rockwell International Corporation. ‘Former defence industry giant Rockwell International Corporation -- now doing business as Rockwell Automation -- is rocking along as one of the world's largest industrial automation companies. The US accounts for about 65% of its sales.’[40] Beall is also Chairman of the Rockwell Collins Board. ‘Rockwell Collins is a global leader in the development and production of integrated aviation electronics systems for military and commercial aircraft.’ Joseph T. Gorman Former CEO TWR Inc., Space & Missile Systems. TWR is worldwide leader in automotive, space, defence and information technology. ‘TRW –Where Performance Counts- is recognised for providing products and services that create exceptional value for customers.’ [41] |
Corporate Officers
| John E. Pepper Chairman of the Board A. G. Lafley Fernando Aguirre Jeffrey P. Ansell Susan E. Arnold Charles V. Bergh Wolfgang C. Berndt Bruce L. Byrnes R. Kerry Clark |
Stephen P. Donovan Jr. President - Global Beverage and North American Food & Beverage Werner Geissler Deborah A. Henretta Mark D. Ketchum Robert A. McDonald Jorge S. Mesquita Jorge P. Montoya Tom A. Muccio Martin J. Nuechtern |
Dimitri Panayotopoulos President - Central & Eastern Europe, Middle East and Africa Laurent L. Philippe Charles E. Pierce Paul Polman Nabil Y. Sakkab Herbert Schmitz Robert A. Steele Richard L. Antoine |
G. Gilbert Cloyd Chief Technology Officer Clayton C. Daley Jr. Stephen N. David R. Keith Harrison, Jr. James J. Johnson Charlotte R. Otto Michael J. Power James R. Stengel Gretchen W. Price Terry L. Overbey |
P&G in the UK:
Contact Procter & Gamble UK
Cobalt 3, Silver Fox Way
Cobalt Business Park
Newcastle upon Tyne, NE27 0QN
Tel: 0191-297 6000
Fax: 0191-297-6296
Offices Brooklands
Newcastle upon Tyne
Rusham Park
Staines
Plants Manchester (Paper)
West Thurrock in Essex (Detergents)
Seaton Delaval in Newcastle (Health & Beauty Care)
Havant (Tampax) [42]
| Chris de Lapuente Vice-president and managing director, Procter & Gamble UK ‘Mr de Lapuente is a fine example of someone working his way right through the company. His rise to become head of P&G UK followed a degree in economics from Buckingham University. His avowed qualities for the top are "a passion for the brands and a passion for winning."’[43] ‘Like his arch-rival, Niall Fitzgerald of Unilever, Mr de Lapuente was invited along with the elite of British business to a recent Chequers summit with the prime minister, Tony Blair. At the meeting he urged the government to go out and state the case for the single currency to overcome public scepticism.’[44] Unilever co-chairman FitzGerald and Procter & Gamble vice-president de Lapuente have recently been named as the two most powerful marketers in the UK. In the ‘Links with Government’ section you can find extracts from an interview with Chris de Lapuente (February 2001) in which he touches upon some specific issues relating to the UK. In that interview he also reveals that the most satisfying part of his job is "seeing the business grow." |
References
[26] ‘Plan Global, Win Local’, by John Millen, Vice President, Customer Business Development at Procter & Gamble ( www.kamcity.com/library/global.htm, source: Kamcity, date viewed: 22/10/01)
[27] www.pg.com/annualreports/2001/shareholder/information.jhtml (source: P&G, date viewed: 22/10/01)
[28] /moneycentral.msn.com/investor/invsub/insider/trans.asp?Symbol=PG (source: MSN, date viewed: 05/10/01)
[29] www.quicken.com/investments/insider/?symbol=PG
[30] Interview Chris de Lapuente ( http://www.rgmr.co.uk/PDF/interno4.pdf)
[31] www.ml.com/about/press_release/08072001-1_gm_board_pr.htm
[32] http://detnews.com/2001/autos/0108/13/b02-263576.htm
[33] http://lauder.wharton.upenn.edu/home/about.html (source: The Launder Institute, date viewed: 19/01/01)
[34] ‘$27 million for P&G auditor, also company boosts CEO’s salary for the year’, by Leticia Williams, CBS.MarketWatch.com, last updated: 24 August 2001
[35] www.hoovers.com/officers/bio/1/0,3353,11211_1121113,00.html (source: Hoover’s Business Information, date viewed: 22/10/01)
[36] www.guardian.co.uk/Archive/Article/0,4273,4203517,00.html (source: The Guardian, date viewed: 22/10/01)
[37] www.hoovers.com/co/capsule/3/0,2163,10903,00.html (source: Hoovers Business Information, date viewed: 22/10/01)
[38] www.mediarelations.ksu.edu/WEB/News/Newsreleases/zedillotext50301.html (source: Mediarelations, date viewed: 22/10/01)
[39] www.boes.org/actions/america/north/chiapas2.html (date viewed: 09/10/01)
[40] www.hoovers.com/co/capsule/3/0,2163,11283,00.html (source: Hoover’s Business Information, date viewed: 22/10/01)
[41] www.italmanac.com/italmanac/profile-pages/Profile659.html(source: Technology Almanac 2001, date viewed: 19/10/01)
[42] www.pg.com/about_pg/ww_operations_detail.jhtml?country=united+kingdom&toolbar=/common/lbar_about_mini.html
(source: P&G, date viewed: 22/10/01)
[43] www.guardian.co.uk/Archive/Article/0,4273,4210916,00.html (source: The Guardian, date viewed: 22/10/01)
[44] Ibidem
[45] Interview Chris de Lapuente (www.rgmr.co.uk/PDF/interno4.pdf)
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