Multinational consumer goods company Procter & Gamble names Shailesh Jejurikar as its new chief executive officer.
Procter & Gamble Announces New CEO and Upcoming Changes
Procter & Gamble (P&G) has announced that Shailesh Jejurikar, an Indian-born executive and current Chief Operating Officer, will become the company's President and CEO starting January 1, 2026. This marks a significant milestone as Jejurikar will be the first Indian-born CEO in the company's history[1][3]. Jon Moeller, the current CEO, will transition to an Executive Chairman role to serve as board chair and strategic advisor[1][4].
Jejurikar joined P&G in 1989 and has held various leadership roles globally, with significant contributions in Fabric Care, Home Care, and Enterprise markets[1][3]. He holds a Bachelor of Arts in Economics from Mumbai University and an MBA from the Indian Institute of Management (IIM) Lucknow[2][3].
Under Moeller's leadership from 2021 to 2025, P&G navigated post-pandemic sales growth alongside challenges like rising expenses and persistent inflation. The company's shares increased by about 13% during his tenure[4]. However, in June 2025, P&G announced a major restructuring plan involving job cuts of around 7,000 positions over two years, exits of certain product categories and brands, and potential divestitures, aiming to sharpen its portfolio and improve efficiency[4].
Looking ahead, Jejurikar’s future plans for P&G are expected to build on these restructuring efforts, focusing on portfolio optimization, operational excellence, and market expansion leveraging his deep experience in diverse markets[3][4][5]. His appointment as CEO also signals continuity with a global perspective, emphasizing innovation and strategic growth, although specific detailed future plans have not been publicly outlined yet[3][4][5].
In addition to the leadership changes, P&G has also announced that it will implement mid-single-digit price increases on about a quarter of its items during the first quarter of fiscal 2026 due to tariffs and innovation[6]. P&G's Chief Financial Officer, Andre Schulten, mentioned during a media call that there will be price increases affecting P&G's items[7]. The company's fiscal year 2026 guidance includes a $1 billion hit due to higher costs from tariffs[8].
Jejurikar's long-term equity award is evenly split between performance shares and long-term incentive awards, with a potential value of $14 million[9]. His annual salary is $1.6 million[10]. It's worth noting that Jejurikar has also been the executive sponsor of global sustainability at P&G from 2016 to 2021[11].
P&G recently reported quarterly results that beat Wall Street's expectations[12]. The company ranks 149 on the Fortune 500 and is 19th on the World's Most Admired Companies list[13]. With these changes and the company's ongoing efforts to maintain its competitive edge and focus on core businesses amid changing market conditions, P&G appears poised for continued success under Jejurikar's stewardship.
[1] - CNN Business [2] - IIM Lucknow [3] - The Wall Street Journal [4] - Bloomberg [5] - Reuters [6] - The New York Times [7] - MarketWatch [8] - CNBC [9] - Forbes [10] - Business Insider [11] - P&G Sustainability [12] - Barron's [13] - Fortune
In light of his role as the newly appointed CEO, Shailesh Jejurikar's future plans for Procter & Gamble (P&G) involve a focus on portfolio optimization, operational excellence, and market expansion, aiming to build on the company's recent restructuring efforts. As Jennifer Moeller transitions to an Executive Chairman role, the finance sector will closely monitor P&G's performance and growth strategies, particularly in relation to industry competitiveness and shareholder value.
