Beauty Industry

Board Changes at Procter & Gamble

Mr. Smith to retire after 13 years of service

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By: Jamie Matusow

Editor-in-Chief

John (Jack) F. Smith will retire from the Procter & Gamble Company (P&G) board after 13 years of service.

Mr. Smith has served on the board since 1995 and was chairman of the audit committee and a member of the governance & public responsibility committee. He was formerly chairman of the board and chief executive officer of General Motors Corporation and is retired chairman of the board of Delta Air Lines, Inc. He is also a director of Swiss Reinsurance Company.

“Jack has been an outstanding board member who has made significant contributions to the success of P&G’s business. We thank him for his tireless efforts and wish him continued success in the future,” commented A. G. Lafley, P&G’s chairman and chief executive officer.

The company also announced the appointment of Kenneth I. Chenault, chairman and chief executive officer of American Express Company, to the company’s board of directors effective immediately.

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