Taylor has replaced A.G Lafley who is exiting the FMCG-giant for the second time.
Laftley’s return brought with it a raft of cost cuts and re-organisation to a business that had struggled for growth in its core markets an products. Half of its brands were shed; animal foods went to Mars for $2.9bn, Duracell went to Berkshire Hathaway for $4.7bn and most recently a $12.5bn deal with Coty saw it rid itself of 43 beauty brands including Olay and Wella.
It has left Taylor, a 35-year veteran of the company, with a stripped back portfolio of its most profitable brands (including Read full story ›
Source: The Drum
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