Proctor and Gamble picks IIM alumnus Shailesh Jejurikar as CEO, putting him 'Head&Shoulders' above US executives
TOI correspondent from Washington:
Procter & Gamble (P&G), the storied consumer goods company that put Gillette and Old Spice, Crest and Vicks, Head&Shoulders and Pantene, Olay and Oral-B, Pampers and Tampax, among other products on the world's store shelves, has named Mumbai-born Shailesh Jejurikar as its next CEO.
Jejurikar, 58, an alumnus of Hyderabad Public School (and a classmate of Microsoft CEO Satya Nadella), Mumbai University, and IIM Lucknow (1989), will succeed Jon Moeller, who will transition to the role of Executive Chairman, the company said in an announcement. He will be the first Asian and Indian CEO minted entirely in the Indian education system to helm the 187-year old company, whose founding pre-dates Abraham Lincoln.
Company man: P&G is also the only company Jejurikar has worked at in a 36-year career that began when he was recruited from IIM Lucknow in 1989 as an Assistant Brand Manager, skin care, going on to become marketing director for India a decade later.
His transition to the global workplace began in 2010 when he was appointed Vice President for Home Care, North America, before being named CEO of P&G's Fabric & Home Care, the company's largest business sector, in 2019.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Brain tumor has left my son feeling miserable; please help!
Donate For Health
Donate Now
Undo
It includes iconic brands like Tide, Ariel, Downy, Gain, Febreze, and Swiffer.
In 2021, he was appointed P&G's first-ever Chief Operating Officer to oversee a broad portfolio including P&G's Enterprise Markets (Latin America, India, Middle East, Africa, Southeast Asia, and Eastern Europe), as well as critical company-wide functions such as sales, market operations, purchasing, and manufacturing.
Founded in 1837 by candlemaker William Procter and soap maker James Gamble, P&G currently has global revenues of around $84 billion, ranking it 51st in the Fortune 500.
About 48 per cent of its revenue is from the US market and 52 percent spanning the rest of the world. More than 20 P&G products have global revenues of more than $ 1 billion each.
Its India revenues have been growing fast and topped $2 billion recently, among the many reasons the board appears to have chosen him to lead the company even as sales in the US is slowing down.
While India-born CEOs in the tech sector is now a familiar story (Microsoft, Google, IBM, Adobe Systems, YouTube, Micron all have Indian CEOs), less well-known is "desi" CEOs in the broader market beyond tech.
Among them: Raj Subramaniam leading FedEx, Vivek Sankaran helming the grocery chain Albertsons, Vasant Narasimhan at Novartis AG, and Leena Nair, picked to lead France's global luxury brand Chanel.
Jejurikar's elevation comes at a time of rampant nativism in Middle America, where he currently lives (in Cincinnati, Ohio, which is P&G's headquarters). While 90 per cent of P&G products sold in the US are made in America, allaying President Trump's rage about cheap foreign products, many in his MAGA base are resentful of foreign-born CEOs like Satya Nadella and Sundar Pichai despite their critical role in growing the US economy and their ties to India, providing an opening to a fast-growing market.
Jejurikar is married to Sankhya, a visual artist, and they have two sons, who, the dad once revealed while talking up Tide pods (a P&G product) and promoting gender equality, do their own laundry. His brother Rajesh Jejurikar is the Executive Director and CEO of Mahindra & Mahindra Ltd's Auto & Farm division.
News of Shailesh's elevation triggered delight in the Indian corporate sector, now positioned as a global crucible for leadership.
'Shailesh Jejurikar's appointment as CEO proves yet again that Indian-American leaders can navigate not just tech, but the hearts and minds of US consumers. And this news has special meaning for us at @MahindraRise because Shailesh happens to be the younger brother of our very own Rajesh Jejurikar, Executive Director and CEO (Auto & Farm Sector) M&M Ltd,' the business patriarch Anand Mahindra noted.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
3 minutes ago
- Economic Times
Paytm shares in focus as Antfin plans 5.4% equity stake sale via block deal
Shares of One 97 Communications (Paytm) will be in focus on Tuesday, August 5, as Antfin (Netherlands) Holding B.V. plans to sell 5.4% of its stake in the company through a block deal on Indian stock exchanges. ADVERTISEMENT According to the term sheet, the transaction is valued at Rs 3,803.3 crore (approximately USD 434 million) at the offer floor price. The offer floor price has been set at Rs 1,020 per share, representing a 5.4% discount to Paytm's closing price of Rs 1,078.20 on the National Stock Exchange (NSE) as of August 4. The sale involves up to 3.7 million shares, accounting for 5.84% of the company's total outstanding proposed sale will be executed as a bulk sale via one or more share sales on the screen-based trading platform of Indian stock exchanges. The entire offering is secondary in nature, implying that the company will not receive any proceeds from the deal is being managed by Citigroup Global Markets India and Goldman Sachs (India) Securities, who are acting as the placement agents for the transaction. ADVERTISEMENT Books Open: Around 7:00 AM IST on August 5, with the option to close earlier. Around 7:00 AM IST on August 5, with the option to close earlier. Expected Trade Date: August 5, 2025 (T) August 5, 2025 (T) Expected Settlement Date: August 6, 2025 (T+1) August 6, 2025 (T+1) Lock -up: Not applicable; classified as a clean-up trade Not applicable; classified as a clean-up trade Brokerage & Charges: Buyer to bear 25 basis points, with additional market charges as applicable Buyer to bear 25 basis points, with additional market charges as applicable USD/INR Reference Rate: 87.6525 (Bloomberg rate as of August 4, 2025, 4:00 PM IST) According to the term sheet, no official pricing guidance will be provided until the shares are crossed on the exchanges on August 5. ADVERTISEMENT On Monday, the shares of Paytm closed flat at Rs 1,078.30 on the BSE. Also read: Tata Investment announces first-ever stock split in 1:10 ratio; check details on record date (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
3 minutes ago
- Economic Times
Tata Motors elevates PB Balaji to JLR CEO role in strategic global shift, a first for an Indian
Mumbai: Tata Motors group finance chief PB Balaji will take over as the chief executive of the company's crown jewel, Jaguar Land Rover, on November 17, becoming the first Indian to lead the iconic British automotive brand. At JLR, Balaji will replace Adrian Mardell, who retires after a 35-year tenure at the maker of the Defender and F-Pace SUVs, the last three years of that as its CEO, Tata Motors said Monday. Handpicked by Tata Sons chairman N Chandrasekaran from Hindustan Unilever, Balaji has become an integral figure in the group's transformation efforts since joining Tata Motors in 2017. His appointment reflects the leadership's confidence in his vision and execution capabilities. His move to JLR comes at a pivotal moment for Tata Motors, which is undergoing a major restructuring with plans to demerge its passenger vehicle and commercial vehicle businesses into two separately listed entities. After this transition, the company may no longer require a group chief financial officer, the role that Balaji has been holding since joining the company. His appointment at JLR is seen as a broader corporate realignment at Tata Motors aimed at granting individual businesses greater operational autonomy. "It is my privilege to lead this iconic company," Balaji said. "Over the past eight years, I've come to deeply admire JLR and its exceptional brands. I look forward to the road ahead with optimism and purpose." Financial Architect with Global Acumen Balaji has been associated with Tata Motors for the past many years and is familiar with the company, its strategy and has been working with the JLR leadership team, Chandrasekaran said, adding: "This move will ensure that we continue to accelerate our journey to Reimagine JLR." Under Balaji's financial leadership, Tata Motors reported its highest-ever consolidated revenue of ₹4.39 lakh crore in FY25, with a profit of ₹34,330 crore before tax and 28,149 crore after tax. The company's Indian operations turned net cash positive, with a surplus of 1,018 has been closely associated with Tata Motors' improved capital discipline, cost focus and its growing leadership in electric vehicles-factors that have contributed to a more resilient and efficient began his career as a management trainee at Hindustan Unilever in May 1993, working in supply chain roles for the first decade, followed by finance leadership assignments across the Unilever group. He was vice president - finance for the Americas Supply Chain based in Switzerland, group chief accountant at Unilever's headquarters and chief financial officer at Hindustan Unilever. At the Indian unit of the consumer goods company, he was mentored by D Sundaram, who was then the company's CFO. An alumnus of IIT-Chennai and IIM-Kolkata, Balaji currently serves on the boards of Air India, Titan, Tata Technologies, and Tata Consumer Products. He was the highest-paid executive in the Tata Group in FY25, drawing ₹21.09 crore, reflecting his growing leadership stature within the conglomerate.
Mint
3 minutes ago
- Mint
Q1 results today: Concor, Airtel, Britannia, Lupin, Castrol India, Adani Ports, Eveready earnings on August 5
Q1 results today, on August 5: Concor, Airtel, Britannia, Lupin, Castrol India, Adani Ports and Eveready Industries are among at least 147 companies scheduled to release their earnings report on Tuesday, August 5. Overall, over 900 firms are listed to announce their Q1FY26 results during the week of August 4-9. These include big names such as Aurobindo Pharma, Adani Ports, Bharti Airtel, Ramco, Britannia, Titan, and LIC among others. Investors are keenly watching these for corporate announcements, forward looking statements, revenue outlooks, and share prices, to make calculated investment decisions. At least 147 companies are set to release their Q1 earnings on Tuesday, August 5. These include many public sector (PSU) heavyweights such as Concor, NCC and private marquee companies such as Lupin, Britannia, Airtel, Castrol, Exide, Eveready, Berger Paints and Adani Ports. Firms releasing their earnings today include, Bharti Airtel, Britannia Industries, Adani Ports and Special Economic Zone, Lupin, Bharti Hexacom, Berger Paints India, Prestige Estates Projects, Container Corporation of India, Torrent Power, Gujarat Fluorochemicals, Exide Industries, Gland Pharma, Eris Lifesciences, Gujarat Gas, EIH, Castrol India, Eris Lifesciences, Jindal Saw, NCC, Tega Industries, Godawari Power & Ispat, Transrail Lighting, Zinka Logistics Solutions, Keystone Realtors, Ellenbarrie Industrial Gases, Raymond Realty, and Eveready Industries India, among others. The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note today amid US President Donald Trump's higher tariffs threat, despite upbeat global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,757 level, a discount of nearly 37 points from the Nifty futures' previous close. On Monday, the domestic equity market ended higher, with the Nifty 50 closing above 24,700 level. The Sensex rallied 418.81 points, or 0.52 per cent, to close at 81,018.72, while the Nifty 50 settled 157.40 points, or 0.64 per cent, higher at 24,722.75. According to Shrikant Chouhan, Head Equity Research at Kotak Securities, the market in the short term is 'weak, but oversold', adding that 'a sharp technical bounce back is not ruled out from the current levels. For day traders, 80,600 and 80,500 would act as key support zones for Sensex, while 81,500 - 81,800 could be the key resistance areas for the bulls.' He however felt that below 80,500, 'the sentiment could change, and traders may prefer to exit their long positions'. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
