The Procter & Gamble Company Announces Executive Changes
January 12, 2022 at 04:19 pm
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On January 7, 2022, Michael G. Homan, currently Senior Vice President Chief Accounting Officer, announced his intention to retire from The Procter & Gamble Company after 24 years of service, effective July 31, 2022. Accordingly, on January 7, 2022, the Company's Board of Directors designated Matthew W. Janzaruk (age 48), currently Vice President Finance & Accounting, Global Internal Audit, as the Company's principal accounting officer, effective March 1, 2022. Mr. Janzaruk has also been named Senior Vice President Chief Accounting Officer, effective that same date.
Mr. Janzaruk joined the Company in 2003 and has held positions of increasing responsibility since that time. He has served as Vice President Finance & Accounting, Global Internal Audit since August 2016. Immediately prior to that role, he served as Vice President, Finance & Accounting Corporate Accounting from July 2013 to July 2016.
Procter & Gamble Company is one of the world's leaders in producing and selling consumer products. Net sales break down by family of products as follows:
- care and hygiene products (38.3%): oral hygiene products (toothpastes, toothbrushes, mouthwashes, etc.; Crest, Oral-B, Scope brands, etc.), pharmaceutical products (Metamucil, Neurobion, Pepto Bismol, Vicks, etc.), toilet training pants (Luvs, Pampers), toilet papers and paper towels (Bounty, Charmin, Puffs), feminine protection products (Always, Always Discreet and Tampax), etc.;
- home care and laundry products (34.6%): dishwashing liquids, detergents, stain removers, fabric softeners, deodorizers, bleaches, etc. (Ariel, Downy, Gain, Tide Cascade, Dawn, Fairy, Febreze, Mr. Clean, Swiffer, etc.);
- beauty products (18.3%): hair care products (shampoos, colorings, and cream rinses; Head & Shoulders, Herbal Essences, Pantene and Rejoice brands), body care (soaps, shower gels, deodorants, etc.; Camay, Zest, Secret, Old Spice) and cosmetics (make-up and facial care; Max Facto, Covergirl and Olay);
- shaving products (7.8%): blades, razors, batteries, etc. (Braun, Gillette and Venus brands);
- other (1%).