P&G Shareholders
Elect All 12 P&G Directors; Board Declares Quarterly
Dividend
The Procter & Gamble Company (NYSE:PG) today announced that
at its 2021 Annual Meeting of Shareholders, Christopher
Kempczinski, President and Chief Executive Officer of McDonald’s
Corporation, was newly elected to its Board of Directors, effective
immediately. P&G shareholders elected all 12 P&G Director
nominees, including Mr. Kempczinski and 11 incumbent Directors,
with each receiving more than 90 percent support according to
preliminary voting results. P&G’s Board is comprised of
eminently qualified individuals who bring seasoned judgment and a
variety of skills and experiences with them into the boardroom. The
elected Directors are also demographically diverse—50 percent women
and 33 percent multicultural—with a mix of tenure, age, and
industry experience. P&G’s Board of Directors is made up of the
following individuals:
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211012005963/en/
P&G has been paying a dividend for
131 consecutive years since its incorporation in 1890 and has
increased its dividend for 65 consecutive years. (Graphic: Business
Wire)
B. Marc Allen Angela F. Braly Amy L. Chang
Joseph Jimenez Christopher Kempczinski Debra L. Lee Terry J.
Lundgren Christine M. McCarthy Jon Moeller David S. Taylor Margaret
C. Whitman Patricia A. Woertz
P&G’s newest Board member Christopher Kempczinski has served
as President and Chief Executive Officer of McDonald’s Corporation
since 2019, where he is responsible for driving growth strategy and
ensuring that McDonald’s values are embedded throughout the
company.
“Chris brings to P&G’s Board significant experience in the
consumer and retail space, which will enable him to contribute
valuable strategy, marketing and brand building perspective to the
Board,” said David Taylor, P&G’s Chairman of the Board,
President and Chief Executive Officer.
“His leadership, strategy, and risk management abilities have
allowed him to guide McDonald’s through the dynamic operating
challenges posed by the pandemic and will be highly valuable to the
Board as it oversees P&G’s long-term growth and operating
strategy. We are delighted to welcome him to P&G’s Board of
Directors.”
Mr. Kempczinski previously served as President, McDonald’s USA
from 2017 to 2019, leading the business operations of approximately
14,000 McDonald’s restaurants throughout the United States, and as
Executive Vice President – Strategy, Business Development and
Innovation from 2015 to 2016, working closely with business leaders
and franchisees to identify innovative new ideas and best practices
to accelerate growth.
Mr. Kempczinski has more than 25 years of experience working in
premier global consumer companies. He began his career in brand
management at Procter & Gamble, and before joining McDonald’s,
held several leadership roles at PepsiCo and The KraftHeinz
Company, where he was Executive Vice President of Growth
Initiatives and President of Kraft International.
In addition to serving on the McDonald’s Board of Directors, he
is also a trustee of Ronald McDonald House Charities. Mr.
Kempczinski holds an B.A. from Duke University and an M.B.A from
Harvard Business School.
Directors Francis S. Blake, W. James McNerney, Jr. and Nelson
Peltz retired from P&G's Board today. Mr. Blake and Mr. Peltz
have served the Company for seven years and three years
respectively, and Mr. McNerney has been a member of P&G’s Board
of Directors for 18 years, serving the Company and its shareholders
as Lead Director since 2007. Said David Taylor on their
retirements, “I want to thank Jim, Frank and Nelson for their
dedicated service and commitment to P&G and its shareholders.
We will miss their valuable insights and perspectives and wish each
of them the very best.”
Company shareholders voted in favor of two Board proposals to
ratify the appointment of P&G's independent registered public
accounting firm and for an advisory vote on executive compensation
and voted against a shareholder proposal requesting that the
initial list of candidates from which new director nominees are
chosen include current or past P&G non-management
employees.
The results of the vote announced today are considered
preliminary until final results are tabulated and certified by the
independent Inspector of Elections. Final results will be reported
on a Form 8-K filed with the U.S. Securities and Exchange
Commission, at which time they will become available on
www.pginvestor.com and www.sec.gov.
Also at today’s Annual Meeting, the P&G Board of Directors
declared a quarterly dividend of $0.8698 per share on the Common
Stock and on the Series A and Series B ESOP Convertible Class A
Preferred Stock of the Company, payable on or after November 15,
2021 to Common Stock shareholders of record at the close of
business on October 22, 2021, and to Series A and Series B ESOP
Convertible Class A Preferred Stock shareholders of record at the
start of business on October 22, 2021.
P&G has been paying a dividend for 131 consecutive years
since its incorporation in 1890 and has increased its dividend for
65 consecutive years.
About Procter & Gamble
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 P&G community includes
operations in approximately 70 countries worldwide. Please visit
http://www.pg.com for the latest news and information about P&G
and its brands. For other P&G news, visit us at
http://www.pg.com/news.
Category: PG-IR
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211012005963/en/
P&G Media Contacts:
Erica Noble, +1.513.271.1793 Jennifer Corso, +1.513.983.2570
P&G Investor Relations
Contact: John Chevalier, +1.513.983.9974
Procter and Gamble (NYSE:PG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Procter and Gamble (NYSE:PG)
Historical Stock Chart
From Apr 2023 to Apr 2024