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P&G Names McDonald Next CEO

June 15, 2009

Lafley to remain as full-time chairman.

Robert McDonald, a 30-yearveteran at Procter &Gamble, has been named president and chief executive, effective July 1. He replaced A.G. Lafley who will move full-time into his role as chairman. Currently, COO, Mr. McDonald has nearly 30 years of brand-building, market development, global business unit and global operations leadership across the company and throughout the world. He was named CEO after a rigorous, multi-year succession process.

“I’ve worked with Bob for most of my career at P&G, and he and I have worked side-by- side over the past decade,” said Mr. Lafley.“He believes in P&G’s purpose and P&G people to his core.He has broad experience in every facet of P&G’s business and in virtually every part of the world.He has a strong and consistent track record of business results and has been an
integral member of my leadership team.He thinks strategically and operates systemically.He has my complete confidence and support.”

Mr. Lafley became president and CEOof P&Gin June 2000. Since then, he has refocused P&Gon consumer-driven innovation and consistent, reliable growth. The company has more than doubled its sales since the beginning of the decade and grown its portfolio of billion dollar brands.