Saturday, June 17, 2000

   P&G revival hinges on goals

        As one of the chief architects of the company's current reorganization — Organization 2005 — John Pepper said he can provide new chief executive A.G. Lafley with insights that will help achieve their common goals.

        Those are:

        • Bringing costs under control.

        • Boosting sales of stalwart brands, such as Tide, Pampers and Crest.

        • Restoring confidence on Wall Street that the company can meet sales and earnings projections.

        Missed earnings estimates in the third quarter and a projected shortfall in the current quarter preceded the abrupt resignation last week of Durk Jager, P&G's former chairman, president and CEO.

        Mr. Jager relinquished control of the company immediately after announcing his resignation June 8, placing the onus of improving P&G's performance squarely on the shoulders of Mr. Pepper and Mr. Lafley.

— Randy Tucker

'Nice guy' Pepper begins to right P&G ship
   P&G president takes spotlight at reunion
-    P&G revival hinges on goals
   Pepper narrows his focus at P&G

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