Procter & Gamble Replaces CEO Bob McDonald: Ahead of the Ticker
NEW YORK (TheStreet) -- Procter & Gamble announced it is replacing Chairman and CEO Bob McDonald with former chief A.G. Lafley. The consumer products company announced that McDonald is leaving the company, effective immediately. The move comes after activist hedge fund manager Bill Ackman has continued to publicly criticize McDonald's performance. Ackman is head of Pershing Square Capital Management, which ...
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