P&G’s Moeller Withstands NGO Charges Of Environmental Foot-Dragging, Stays Board Chair
Procter & Gamble Co. shareholders elected 10 incumbent directors and one new director to the company’s board on 11 October, each receiving more than 90% of votes, the company says. NGOs pushed for changes, including CEO Jon Moeller’s replacement with an independent director, citing rising concerns about P&G’s forest sourcing practices.
Procter & Gamble Co. says its newly elected board of eminently qualified individuals also is demographically diverse with 45% women and 45% multicultural makeup.
Preliminary voting results at the firm’s 2022 annual shareholders meeting indicated overwhelmingly that CEO Jon Moeller would remain chairman. P&G...