P&G announces changes to its board of directors
CINCINNATI — Procter & Gamble has announced that current P&G director Johnathan Rodgers has decided not to seek re-election at P&G’s annual shareholder meeting in October 2013, choosing to retire from the board at that time.
The company also announced the appointment of Terry Lundgren, chairman, president and CEO of Macy’s to its board, effective immediately.
Rodgers, who is a member of the Governance & Public Responsibility and Innovation & Technology committees of the board, has been a director since 2001. He is a former broadcast and cable television executive.
Lundgren will serve on the Governance & Public Responsibility and the Innovation & Technology committees of the P&G board.
Lundgren has been chairman, president and CEO of Macy’s since 2004. Macy’s, which has more than 840 retail sites across the United States, was acquired by Federated Department Stores in 1994 and Federated assumed the Macy’s name in 2007.
Lundgren joined Federated in 1975 and became president of its Bullock Wilshire operation in 1987. He was next appointed chairman and CEO of Neiman Marcus in 1988 and six years later returned to Federated as chairman and CEO of its merchandising group. He was promoted to president and CMO in 1997. He became COO in 2002 and CEO the following year. He was a member of the Federated board of directors from 1997 and appointed chairman in 2004.
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