Procter & Gamble CEO Jon Moeller to Step Down, COO Shailesh Jejurikar Named Successor

Procter & Gamble (P&G) announced that CEO Jon Moeller will step down after four years in the role, with Chief Operating Officer Shailesh Jejurikar set to take over as CEO on January 1, 2026. Moeller, who led the Cincinnati-based consumer goods giant through post-pandemic growth and inflationary challenges, will transition to executive chairman, advising the company’s leadership.

The leadership change is described as part of a planned succession, according to P&G’s chief communications officer Damon Jones, who confirmed there are no health concerns behind Moeller’s decision. P&G has a tradition of internal promotions to the top role, with Moeller and his predecessor David Taylor both rising through company ranks. Taylor served six years as CEO, including during the COVID-19 pandemic, before also becoming executive chairman.

During Moeller’s tenure, P&G shares rose about 13%, in line with the S&P 500 index, despite facing rising input costs and weaker consumer spending due to trade tensions. The company recently announced a two-year restructuring plan involving 7,000 job cuts and exiting certain product categories to streamline operations and reduce costs.

Jejurikar, who has held leadership roles in Health & Beauty Care and P&G Professional, previously headed the Fabric & Home Care division, overseeing major brands such as Tide, Ariel, and Downy. His promotion signals continuity in strategy rather than major shifts.

The board has also nominated Jejurikar as a director ahead of the October 2025 shareholder meeting. Analysts view the transition as smooth, with expectations that Jejurikar will continue steering P&G through competitive consumer markets and global economic challenges while focusing on brand strength and operational efficiency.