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Procter & Gamble (PG) says it's appointed Terry Lundgren, chairman, president and CEO of...

Procter & Gamble (PG) says it's appointed Terry Lundgren, chairman, president and CEO of Macy's, to its board, effective immediately.
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Comments (4)
  • LibertyBelle
    , contributor
    Comments (50) | Send Message
     
    I like this decision by PG. I have heard TL speak on CNBC a number of times and his comments are direct and informative. He saw the need for a better consumer's shopping experience at Macy's stores which I have definitely noticed in 3 PA-NJ locations. Hopefully, he will have some inspiring ideas for PG to streamline and advertise high quality merchandise lines.
    8 Jan 2013, 05:44 PM Reply Like
  • mike8599
    , contributor
    Comments (594) | Send Message
     
    Lundgren is a good pick for retailing in the US but P&G growth is going to be outside US and I wonder if they could of looked a little harder for a more rounded individual.

     

    Also P&G has him serving on Governance and Public Responsibility and Innovation & Technology committees. Terry hasn't had anything to do with Technology (that I could find) - unless it's retail based possibly. P&G isn't a retailer.
    8 Jan 2013, 09:45 PM Reply Like
  • juler
    , contributor
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    He will do like Macy's does. Run a discount ad every day. P&G better get ready to do some heavy discounting on there products.
    8 Jan 2013, 11:11 PM Reply Like
  • mike8599
    , contributor
    Comments (594) | Send Message
     
    LOL - Walmart and Costco will love it - P&G doesn't sell directly to consumers (very much)
    8 Jan 2013, 11:25 PM Reply Like
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