Topics

Highlights from Yesterday's 2014 Analyst Meeting

Friday, November 14, 2014 11:59 am EST

We hosted our 2014 Analyst Meeting yesterday in Cincinnati. Our Chairman of the Board, President and CEO A.G. Lafley led a discussion of the strategic choices P&G has made to improve sales growth, profitability and cash productivity while strengthening its business portfolio and organization.

“We have the right strategic priorities, and we’re making good progress against all elements,” said Lafley.  “We’re clear-eyed about the challenges we face from external forces, like currencies. We will continue to accelerate and increase productivity savings, sharpen our strategies and strengthen our portfolio—all focused on delivering superior value to consumers and balanced growth and value creation for P&G shareowners.” 

We also announced that Berkshire Hathaway is to acquire our Duracell business in exchange for P&G shares.

Following our prior announcement of plans to exit the Duracell business, we announced plans to execute a private split-exchange transaction, in which we will exchange a recapitalized Duracell Company for Berkshire Hathaway’s shares of P&G stock. We expect to close the Duracell transaction in the second half of calendar year 2015, pending necessary regulatory approvals.

“We thank the Duracell employees for their many contributions to the business. They’ve made Duracell the global market leader in the battery category,” said Mr. Lafley. “I’m confident this new ownership structure will provide strong support for Duracell’s future growth plans.”

If you’re interested in listening to the Analyst Meeting presentations, you can visit our Investor Relations site where you'll find key slides and the webcast replay.

Contact:

Financial Communications Corporate Communications
Jennifer Corso, 513-983-2570
corso.jj@pg.com

Multimedia

Preview Image: 
Preview image