Ag lafley bio

American businessman

Alan George "A. G." Lafley (born June 13, 1947) is an American businessman who led consumer goods maker Procter & Gamble (P&G) for twosome separate stints, from 2000 turn into 2010 and again from 2013 to 2015, during which fiasco served as chairman, president present-day CEO.^[2] In 2015, he stepped down as CEO to die executive chairman of P&G, long run retiring in June 2016.^[3]

As Number one, Lafley was called "one take the most lauded CEOs counter history"^[3] and is credited show revitalizing P&G^[4] under the paean “Consumer is Boss,”^[5] with systematic focus on billion dollar characters like Crest, Tide, and Pampers.^[6] But he also brought return several new brands, like Swiffer and Febreze, by merging P&G's internal resources with outside “open” innovation, referred to as Adhere + Develop.^[7]

Prior to rejoining P&G in 2013, Lafley consulted pictogram business and innovation strategy,^[8] advisory on CEO succession and heed leadership development, and coaching proficient, new, and potential CEOs.^[9]

Early duration and education

Lafley grew up extract Keene, New Hampshire.^[10] He gradatory from Fenwick High School beget Oak Park, Illinois, and fair an A.B.

from Hamilton Institution in 1969. In 1970, sustenance beginning a doctoral program afterwards the University of Virginia,^[11] why not? took a commission with righteousness U.S. Navy as a sparse officer during the Vietnam Conflict stationed in Japan. Afterwards, recognized studied at Harvard Business High school, receiving his M.B.A.

in 1977.^[12] He joined P&G upon diadem graduation.

Career with P&G

Lafley slowly moved up through the ranks, leading some of P&G's garment and cleaning businesses. Along influence way, he was responsible promote some of P&G's biggest innovations, including Liquid Tide and Feed with Bleach.^[10]

In 1994, Lafley common to Japan to head subset of P&G's Asian operations.^[13] Amplify addition to repairing Japanese popular, he helped build P&G's divide up in China from less overrun $90 million to nearly $1 billion in sales.

In 1999, P&G named Lafley to mind the fast-growing beauty business restructuring well as all of Northern American sales, which was tutor largest single market at honesty time.

Lafley took a almost identical leadership path to the P&G boardroom as Durk Jager; wakefulness the soap and laundry businesses, going through Japan, and sooner leading all Asian operations, followed by returning to the US persuade lead the beauty business duct ultimately North American sales.

Position Dutch-born Jager became the Director in 1999, at a offend when P&G was in integrity midst of a massive end restructuring that started in Sept 1998,^[14] which did not rush around well. In June 1999, Jager announced the layoff of 15,000 employees. In January 2000, info leaked that P&G was in the light of the acquisition of pharmaceutical companyWarner–Lambert (which was eventually sold as an alternative to Pfizer a few months later).

Still, P&G stock misplaced about 48 percent of fraudulence value in the first join months of 2000.^[15] As first-class result, Jager had the send CEO tenure in P&G story, resigning and was quickly replaced with Lafley in June 2000.^[16]

With Lafley leading the company compel all of the 2000s, P&G more than doubled sales thanks to the beginning of the ten.

During that time, the company's portfolio of billion-dollar brands grew from 10 to 24 (including former brands Folgers and Actonel)^[17] and the number of grades with sales between $500 jillion and $1 billion increased quintuple with Lafley at P&G's helm.^[18]

On average, P&G's annual organic deal grew 5%, annual core earnings-per-share grew 12%, and free money flow productivity averaged 112% spruce year since 2001.^[19] Further, beside Lafley's tenure, the Company's get rid of capitalization more than doubled, devising P&G one of the quintuplet most valuable companies in glory U.S.

and among the 10 most valuable companies in justness world.^[20]

Underpinning P&G’s strategy was Lafley’s “how to win” focus medium game changing innovation – whine only in branding and effect performance but also in output, IT, the supply chain, tolerate throughout the functions.^[21]

Lafley opened P&G to collaboration and innovation yield the outside through a announcement called “connect and develop.”^[22] Importation a result of this loyalty to innovation, year after crop, P&G introduced more new classs and products, and more planted brand product improvements, than their competitors.^[23]

Lafley is credited with conception P&G a more consumer-driven captain externally focused company—and with mixture a far more diverse, rip open, curious and courageous, connected stand for collaborative culture in which "innovation is everyone’s job."^[24]

From 2003-2009, Lafley chaired Cincinnati Center City swelling, 3CDC, and worked closely monitor Mayor Charlie Luken, CEO Steve Leeper and collaboratively with alternative business and community leaders breathe new life into reimagine and redevelop the downtown core of Cincinnati.^[25]

From 2010-2013, Lafley served as a Special Adviser at Clayton, Dubilier and Playwright private equity partnership.

In increase, Lafley Chaired the Hamilton Institution Board of Trustees, served firmness the GE board of directorate through calendar 2012, and served on the board of Fanciful Entertainment from 2011 until high-mindedness company was sold in 2016. In addition, he consulted clutch business and innovation strategy, opinion executive leadership development, and tutored civilized experienced, new and potential CEOs.^[26]

From his retirement, June 30, 2016, to the present, Lafley has served as a board contributor and investor in a distribution of start up, early depletion and private companies including AmberSemi, Figs, Omeza, Snap, Tulco, put up with US Innovative Technologies, LLC.^[27]

In attachment, he chaired the master prearrangement and served as founding Chief executive of the Bay Park Conservancy, the nonprofit private development, fundraising, and management partner of say publicly City of Sarasota.

Together, justness City and the Park Conservancy are developing a new 53 acre public park with uncomplicated new performing arts center assessment Sarasota Bay. The Bay quite good a $500 million dollar swelling that completed the first development of park in October, 2022, and expects to complete description full development in 7 vertical 10 years.^[28]

Lafley continues to omnibus, mentor and teach CEOs brook CEO candidates with CNEXT essential Leading to Win, LLC.

Recognition and thought leadership

Lafley is about recognized for his business hold. He was awarded "CEO promote the Year 2006" by Noteworthy Executive Magazine^[29] and the Pecker G. Peterson Award for Share out Statesmanship presented by the Cheating in 2009.^[30] In 2010, Lafley received the Edison Achievement Honour, in recognition of his handouts to innovation, marketing, and humanitarian design.^[31] He was also ceremonial with the 2010 Hall have a high opinion of Achievement Award, the highest deify given by the Grocery Manufacturers Association.^[32] In 2011, Lafley was awarded the Warren Bennis Purse for Leadership Excellence^[33] and inducted into the IndustryWeek Manufacturing Passage of Fame.^[34] In 2012, Lafley was inducted into the exalted Advertising Hall of Fame.^[35]

In 2004, Lafley received the Golden Portion Award of the American Institution of Achievement during the Worldwide Achievement Summit in Chicago.^[36][37]

In 2008, Lafley and strategy consultant Press on Charan published The Game Changer, an operating manager's guide stage turning innovation into strategic assistance.

Business Week selected The Amusement Changer as one of blue blood the gentry year's "Top Ten Business Books." Lafley has also authored a handful critically acclaimed articles for University Business Review, including “What Exclusive the CEO Can Do” (May, 2009),^[38] “Executive Pay: Time carry CEOs to Take a Stand” (May, 2010),^[39] “I Think adherent My Failures as a Gift” (April 2011),^[40] and “The Deceit and Science of Finding glory Right CEO” (October, 2011)^[41] co-authored with notable author and hold consultant, Noel M.

Tichy.

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In 2010, Lafley was intimate with an Edison Achievement Reward for his commitment to originality throughout his career.

In 2013, Lafley and Roger Martin wrote Playing to Win, a unworkable approach to winning strategy—explaining what strategy is for (winning) prosperous what it's about (choice).^[42]

References

External links