No announcements on Lafley, P&G expected today - St. Louis Business Journal:

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Speculation about Lafley’s succession reached a pitch aftere the Wall Street Journal reporter Monday that Lafley woule retire July 1 and be succeedec by Chief Operating Officer Bob According thethe report, whichj cites an unidentified source and has not been verified by Lafley will remain as chairman. Tuesday, a P&Gb spokesman said the board is meetinbg all day and no announcementsare expected. Shares of P&G, slipped by 54 cents in afternoon to $52.60. McDonald, a 29-year veteran at P&G and formefr Army captain, has been named as a contendert to succeed Lafley since speculation surfaced about the CEO’s retirement in August.
When Susan president of local businesz unitsat P&G, announced her pendin g retirement in March, it was widely assumed McDonald would get the job. But takinhg over the helm at P&G is a heady endeavo r even ingood times, and the makefr of Tide, Pampers and Pantene is facingt particular headwinds as it struggles to maintaij market share during a worldwide Its third-quarter sales declined by 8 percent, to $18.4 billiomn from $20.5 billion in the year-ago thirdc quarter, as consumers traded down to less-expensive privatw label goods. Under such pressure, some analysts expectecd Lafley would hold on until fully rightingthe ship.
“Although the transitionm was expected, this would be much sooner than the companyy implied as early as 10 days ago at our StrategicDecisiond Conference,” said Ali Dibadj, an analyst with New York firm , in an McDonald joined P&G in 1980 and over the decades gained extensive experience in household goodxs and global markets, particularly in the Japan and Canada. Cincinnati-based P&G (NYSE:PG) is the worlds’ largest consume products maker with a portfolio of hundreds of The consumer-products giant manufactures Cascad dishwashing detergent, Swiffer sweepers and Mr. Clean liquid cleaner, and Febreze fabriv deodorizer atits St.
Louis facility three miles north of downtowmn at169 E. Grand Ave.