, P&G to get out of the woods with help of new CEO Lafley
With problems on board, Procter & Gamble Co. decided to replace CEO Bob McDonald with well-known A.G. Lafley as the company aims to get out of the woods. Certainly, the news on the sudden replacement satisfied investors, including William Ackman, who had been pushing the P&B to change the steersman. A.G Lafley will have a tough task as he will face a restructuring process at P&G Co., but investors repose hope in his ability to work wonders.
