Procter & Gamble said its chief technology officer, G. Gilbert Cloyd, will retire Sept. 1 and be succeeded by Bruce Brown, who is currently vice president of research and development for global hair care and global hair colorants.
The firm stated that Cloyd, 62, who has been with the company 33 years, will become officer on special assignment on June 1, when Brown, 49, is to be elected to the chief technology post.
As officer on special assignment, Cloyd will report to chairman and chief executive officer A.G. Lafley. Upon becoming chief technology officer, Brown will report to Robert A. McDonald, chief operating officer.
Both Cloyd and Brown will continue to be based in Cincinnati, where P&G has its headquarters.