Procter & Gamble
said James Kilts will step down as head of the consumer-products company's Gillette business unit at the start of July.
Kilts, 58, joined P&G when the company acquired Gillette, where he was chief executive, last year. Kilts is planning to retire from P&G on Oct. 1. Until then, he will focus on continuing the Gillette integration into P&G.
Mark Leckie, the president of P&G's Duracell and Braun business, will take over the Gillette unit and assume Kilts' day-to-day responsibilities. Joseph Dooley, the president of commercial operations, North America, was named president of Duracell, Cincinnati-based P&G said Wednesday.
Shares of P&G, whose brands include Tide and Pringles, rose 33 cents, or 0.6%, to $54.82.