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News Release
Procter & Gamble Announces Management Changes

CINCINNATI , June 15, 2005 – The Board of Directors of the Procter & Gamble Company (NYSE:PG) today announced the following management changes effective July 1, 2005 :

  • Paolo deCesare, 44, currently president – global skin care and global personal cleansing, has been elected president – global skin care, personal cleansing and deodorants.
  • Melanie Healey, 44, currently vice president – North America feminine care, has been elected president – global feminine care.

  • Steven W. Jemison, 54, currently general counsel – Central and Eastern Europe , Middle East and Africa , has been elected secretary and associate general counsel.

  • Charles E. Pierce, 48, currently president – global family care, has been elected president – global oral care.

  • Martin Riant, 46, currently president – global feminine care and global deodorants/Old Spice®, has been elected president – global baby care and adult care.

  • David S. Taylor, 47, currently vice-president – North America family care, has been elected president – global family care.

The company also announced the following management changes effective August 1, 2005 :

  • Valarie L. Sheppard, 41, currently manager – finance and accounting, global household care, has been elected vice president and comptroller.

The company also announced the following management changes effective September 1, 2005 :

  • Charles (Chip) V. Bergh, 47, currently president – ASEAN, Australasia and India , has been elected president on special assignment.

  • Deborah A. Henretta, 44, currently president – global baby and adult care, has been elected president – ASEAN, Australasia and India .

“These individuals bring a strong track record of success to their new roles,” said A. G. Lafley, chairman of the board, president and chief executive. “Their business know-how and deep experience will help drive future growth for the company.”

In addition, the company announced the following retirements:

  • John K. Jensen, 55, vice president and comptroller, will retire on October 1, 2005 , after more than 32 years of service. Until then, he will serve as vice president on special assignment effective August 1, 2005.

  • Michael E. Kehoe, 48, president – global oral care, will retire on January 2, 2006 , after more than 27 years of service. Until then, he will serve as president on special assignment effective August 1, 2005 .

About Procter & Gamble
Two billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers®, Tide®, Ariel®, Always®, Whisper®, Pantene®, Bounty®, Pringles®, Folgers®, Charmin®, Downy®, Lenor®, Iams®, Crest®, Actonel®, Olay®, Clairol Nice ‘n Easy®, Head & Shoulders®, and Wella. The P&G community consists of almost 110,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.

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Procter & Gamble Announces Management Changes

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