Business

Procter & Gamble’s new CEO is a Charlotte native, Duke grad

Procter & Gamble, the world’s largest consumer-products company, this week named a new president and chief executive officer with local ties: David Taylor is a Charlotte native and Duke University graduate.
Procter & Gamble, the world’s largest consumer-products company, this week named a new president and chief executive officer with local ties: David Taylor is a Charlotte native and Duke University graduate. Courtesy of Procter & Gamble

Procter & Gamble, the world’s largest consumer-products company, this week named a new president and chief executive officer with local ties: David Taylor is a Charlotte native and Duke University graduate.

Taylor, 57, who majored in electrical engineering, in a talk at Duke last fall discussed a supervisor job at Carowinds he held one summer during college. It was then, he said, that he realized despite his aptitude for technical work, he was mostly interested in and passionate about working with people.

“It was about bringing groups of people together to take care of customers and deliver records....That really was exciting to me,” Taylor said of his job at the amusement park.

Taylor, who once lived on Vernon Drive off Providence Road, ultimately decided to take an offer from P&G, where he began work in 1980 right after graduating, because of the management possibilities the company said were possible from the start.

Taylor started out as a production manager at a Greenville, N.C., plant that made adult diapers and sanitary napkins, the Wall Street Journal reported this week. After more than 10 years in operations, he decided to start over and become an entry-level assistant brand manager in 1992, Bloomberg reported, at Pampers.

“I knew that if I aspired to get into senior management at P&G, I needed to understand marketing and the concerns of customers,” Taylor said during his talk at Duke. “I knew I had to start over and learn from the ground up.”

Since January, he has served as the company’s president of global beauty, grooming and health care, which accounted for close to half of the company’s $83 billion in annual sales.

In his new No. 1 spot at Cincinnati-based P&G, Taylor will be charged with steering the company out of a deep slump, which includes slow sales growth recently, a sluggish share price and limp market-share gains, the Journal reported. Earlier this month, P&G agreed to sell 43 of its beauty brands to Coty in an attempt to simplify its business.

The company announced Taylor’s promotion on Tuesday. He succeeds A.G. Lafley, who will stay on as executive chairman. The effective date of Taylor’s new position is Nov. 1.

Katherine Peralta: 704-358-5079, @katieperalta

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