P&G to Shuffle Managers Following Gillette Acquisition

P&G to Shuffle Managers Following Gillette Acquisition

Procter & Gamble Co. said that after its acquisition of Gillette Co. closes this fall, two Gillette executives will assume management posts while several other officers will help with the transition.

P&G said Mary Ann Pesce, currently president of Gillette's global personal care division, will become president of new business development. A. Bruce Cleverly, president of Gillette's global oral care group, will be appointed president of the combined company's global oral care business.

P&G also said Charles V. Bergh, P&G's president on special assignment, will be named president on special assignment of blades and razors. Global oral care president Charles E. Pierce will become president of P&G oral care, P&G added.

P&G's planned $57 billion blockbuster merger with Gillette is pending final approval from the Federal Trade Commission after European regulators and shareholders of both companies cleared the deal earlier this month.

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