With business units consolidated, P&G shuffles executives

CINCINNATI — Following the retirement of Procter & Gamble vice chairman Robert Steele, the company said it consolidated its current three global business units into two: beauty and grooming, and household care.

Thee oral care and feminine care businesses will become part of P&G's beauty and grooming GBU, and will be lead by Ed Shirley, P&G's vice chairman of global beauty and grooming. Charlie Pierce, group president, global oral care and Steve Bishop, group president, global feminine care, will report to Shirley.

Meanwhile, the personal health care, pet care and snacks businesses will become part of P&G's household care GBU, which will be lead by Dimitri Panayotopoulos, who is vice chairman of P&G's global household care business. Tom Finn, global health care president and Dan Rajczak, SVP global snacks and pet care, will report to Panayotopoulos.

Steele, who oversees oral care, feminine care, personal health care, pet care and snacks for P&G, will retire effective Sept. 1.