Procter & Gamble Overhauls Leadership Amid Stock Slump and Job Cuts
Procter & Gamble is preparing for major leadership changes in 2026. Two top executives will depart, while a new CEO takes over. The company also faces financial challenges, with its stock down by nearly a quarter this year.
Shailesh Jejurikar will become CEO of Procter & Gamble on January 1, 2026. His appointment comes as the company navigates a period of transition. Meanwhile, two senior leaders are set to leave in early 2026.
Jennifer Davis, who heads the health care division, will retire on June 30, 2026. Her departure leaves a key role unfilled, as no successor has yet been named. The division brings in about 14% of the company’s total revenue.
Alexandra Keith, CEO of the global beauty business, will also step down in early 2026. Investors are watching closely, as the start of 2026 will bring both leadership updates and the next quarterly results.
The company is also cutting costs, with restructuring measures that could impact up to 7,000 jobs. These changes follow a loss of 30 basis points in global market share, largely due to competitors’ discounting strategies. The stock price has fallen by roughly 23% since January, now trading at €123.58.
Procter & Gamble faces a critical period ahead. Leadership changes, job cuts, and financial pressures will shape the company’s direction in 2026. Investors will be looking for stability as the new CEO steps in and key divisions transition.
