In a surprise move, Procter & Gamble (P&G) today announced that Chief Operating Officer Shailesh Jejurikar has been named President and Chief Executive Officer, effective January 1, 2026, succeeding Jon Moeller, who will take on the role of Executive Chairman
Shailesh Jejurikar, A Leader from Within
Jejurikar, aged 58 and of Indian origin, has been part of P&G since 1989, rising fromassistant brand manager to roles of increasing responsibility—spanning Fabric & Home Care, Health & Beauty Care, and Global Enterprise Markets across North America, Europe, Asia, and Latin America. He has been in P&G’s global leadership team since 2014 and positioned as COO for more than six years. His appointment continues P&G’s long-standing tradition of promoting internal candidates with deep industry knowledge.
Jejurikar said in the press release: “I am honored to serve as P&G’s CEO… P&G people, our brands, and our capabilities in innovation and operational excellence fuel my confidence for a future of sustained growth and value creation.”
Strategic Continuity Amid Corporate Restructuring
Moeller, CEO since 2021, oversaw a period of transformation at P&G—including navigating a post‑pandemic sales boom, managing inflation and rising input costs, and executing a sweeping restructuring plan that includes cutting jobs and divesting underperforming categories. Under his leadership, P&G shares gained roughly 13% over four years, although the stock is currently down about 6% year-to-date amid market pressures.
Moeller expressed confidence in the planned leadership transition, describing it as orderly and not driven by health or performance concerns. He added that he looks forward to advising Jejurikar and supporting P&G’s board in his new role as Executive Chairman.
Jejurikar has also been nominated to stand for election to P&G’s board of directors at the October 2025 annual shareholder meeting.
Shailesh Jejurikar / Why this transition matters /
P&G is navigating a challenging macroeconomic landscape—ranging from trade war‑driven cost pressures to weakened consumer spending in key markets. Jejurikar is viewed as a leader who can sustain strategic continuity across operations, supply chain, IT, and global business services while driving the next chapter of growth.
His elevation also marks a milestone: Jejurikar becomes the first India-born CEO in P&G’s nearly 188‑year history, further underscoring the rise of Indian-origin executives at global enterprises.
As the company heads into its upcoming fourth-quarter earnings release tomorrow, all eyes will be on how the market reacts to this executive change—and what strategic priorities Jejurikar will pursue as he takes the helm at the start of 2026.
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