The Procter & Gamble Company announced that Shailesh Jejurikar has been appointed Chairman of the Board of Directors, effective August 1, 2026. According to the company's official announcement, Jejurikar will assume this role in addition to his current position as President and Chief Executive Officer. Executive Chairman Jon Moeller will retire from the Board effective July 31, 2026, and from P&G effective August 14, 2026. The appointment consolidates P&G's leadership structure by combining the roles of chairman and chief executive as the company continues to manage a portfolio of globally recognized consumer brands. Jejurikar is the brother of Rajesh Jejurikar, Executive Director and CEO of the Auto and Farm Sector at Mahindra Group.
According to the company's official statement, Moeller has spent 38 years with the company in various leadership roles including Executive Chairman, Chief Executive Officer, Chief Operating Officer and Chief Financial Officer. The company stated that Moeller will step down from the Board on July 31 and retire from P&G on August 14 after 38 years with the consumer goods major. Jejurikar expressed gratitude for Moeller's service, stating that his strategic vision has been instrumental in shaping the company P&G is today. He noted Moeller's unwavering courage and profound care for the institution and its people throughout his 38 years of dedicated service. As reported by Business Standard, Jejurikar thanked Moeller for his many years of tireless and steady leadership at P&G, having served in key roles throughout his 38 years of dedicated service to the company.
According to the company statement, Jejurikar joined P&G on July 1, 1989, and has been part of the company's global leadership team since 2014. He has held senior leadership roles across categories, sectors and regions, helping build businesses including global Fabric Care and Home Care across North America, Europe, Asia and Latin America. His experience spans several of P&G's core businesses, including its global Fabric Care and Home Care divisions. His responsibilities have included leading work on the company's supply chain, information technology and global business services strategies. The appointment of Jejurikar as Chairman completes the latest phase of P&G's leadership transition, with the company retaining continuity by combining the roles of Chairman and Chief Executive Officer under a long-serving executive who has spent more than three decades within the organisation.
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The company stated that Jejurikar was appointed President and CEO earlier this year and will now add the role of Chairman to his responsibilities. Commenting on the leadership transition, Jejurikar thanked Moeller for his contribution to the company over nearly four decades, noting that his strategic vision has been instrumental in shaping the company P&G is today. Jejurikar will assume responsibility for overseeing both the board and the company's strategic direction while maintaining operational leadership of the business.
On Wednesday, P&G forecasted its guidance for fiscal year 2027 and outlined significant cost pressures ahead. The company estimates a headwind of approximately $1 billion after-tax driven by higher raw materials, energy and transportation costs, along with $150 million after-tax from higher net interest expense, $150 million after-tax from lower non-operating income and $50 million after-tax from unfavourable foreign exchange rates. Despite these challenges, P&G reported that fiscal 2026 was a year of foundation building while continuing to grow sales and profit and return high levels of cash to shareowners despite a very challenging geopolitical and economic environment. Looking ahead, Jejurikar expressed confidence in the company's plans to accelerate growth from semester-to-semester, stating that the best path to sustainable, balanced growth is to double down on their strategy and put the consumer first in everything they do.
