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P&G Earns Top Spot on Chief Executive’s ‘Top Companies for Leaders’ List

Thursday, January 10, 2013 9:55 am EST

Chief Executive Magazine has named P&G the best overall company for leadership development in its list of the “40 Best Companies for Leaders,” a feature in its January/February 2013 issue. This is the second year in a row and the third time we’ve received this award in the eight years this ranking has existed. 

The ranking is based on a study of 1,000 firms worldwide conducted in partnership with Chally Group Worldwide, a sales and management productivity firm. Chief Executive looks at a variety of criteria when choosing a best company: the existence of a formal development program, the amount of time a CEO is involved, the percentage of leaders recruited internally, the strength of its recruiting program and the caliber of talent, and the long-term growth of market capitalization.

In its feature on the Best Companies for Leaders, Chief Executive interviews Bob McDonald, chairman, president and chief executive officer, and talks about the company’s long-standing reputation for building good leaders. According to the magazine, “Bob McDonald, its CEO, attributes its longevity to close attention to leadership development at all levels of the company – not just the top ranks.” 

“P&G screens over a half million candidates globally each year and hires less than 1 percent. They challenge these new lead­ers with meaningful work and great responsibility from Day One,” according to the magazine. “P&G managers play a vital role in identifying and growing the company’s next generation of leaders. This starts at the top. Their CEO, vice chairs, presidents and functional officers recruit on college campuses and teach in their executive edu­cation programs.”

The magazine also notes that talent is managed globally, through varied and enriching assignments. “P&G leverages the scale of their unique organization structure to help employees to learn and grow. This often occurs across functional disciplines, where leaders get experience in every facet of the business—as well as wide-ranging geographies and markets.”

Additional Recognition 

P&G is widely recognized as a top company for leadership development, being honored with the following rankings over the last year:

  • #3 on Fortune’s Global Top Companies for Leaders;
  • #2 in Hay Group’s Global Top 20 Best Companies for Leadership;
  • #5 on DiversityInc’s Top 50 Companies for Diversity;
  • #2 of the Top 10 Companies for Recruitment and Retention; and
  • #3 among business students and #10 among engineers on Universum’s list of The World’s Most Attractive Employers.

We are humbled by this recognition, which showcases the unique nature of our leadership development model that results in a breadth, depth and diversity of talent that we are proud to have at P&G. For example, the average P&G President has more than 27 years of experience across multiple businesses, functions and geographies – including more than a dozen years of experience at or above the General Manager level. Our Presidents hail from more than a dozen countries and during their careers they’ve worked, in total, across 35 categories and nearly as many countries. 

To learn more about how P&G earned the top spot in Chief Executive’s ranking, read the full story at the link below.

Contact:

Christine Wever, 513-983-3273
Corporate External Relations
wever.cm@pg.com
513-288-8905 (cell)

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