Procter & Gamble CEO, David Taylor

In a long anticipated move, Procter & Gamble named David S. Taylor as its next president and chief executive officer.

David S. Taylor, president of global beauty, grooming and health care at Procter & Gamble Co., was named to succeed A. G. Lafley as the company’s next president and chief executive officer, effective Nov. 1. Lafley will become P&G’s executive chairman. The move, apparently made at a director’s meeting Tuesday, was widely anticipated.

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