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McDonald, New P&G CEO, Has Work to Do (Updated)
After days of speculation, Procter & Gamble(PG Quote) announced this morning that Bob McDonald will head up the company.
McDonald, a 29-year-veteran of Procter & Gamble, will take over starting July 1 as CEO, and he is in for a real treat.
His first order of business will be to pick Procter & Gamble up from the shambles of the recession. Shoppers have become thrifty, opting for no-name household items instead of P&G's better known names like Tide and Gillette. ...
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