HE'S BACK: Procter & Gamble is bringing back former CEO A.G. Lafley, a 33-year industry veteran, to its top post in a surprise move as the world's largest consumer products maker tries to improve its results globally.
GROWTH STRUGGLES: Lafley, 65, replaces CEO Bob McDonald, who has served in the post since 2009. The change at the helm comes as the 175-year-old company whose Tide detergent, Crest toothpaste and other products that can be found in 98 percent of American households, struggles to grow under increased competition and global economic challenges.
A CALLING: "Frankly, duty called," Lafley said in an interview with The Associated Press.
- Consumer Discretionary