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Executive Summary

McDonald succeeds Lafley as P&G chairman: A.G. Lafley hands over responsibilities of Procter & Gamble chairman to Bob McDonald on Jan. 1, 2010 - almost two months before he will retire. The move is part of a phased-in leadership transition that began in June when Lafley passed the president and CEO baton to McDonald (1"The Rose Sheet" June 15, 2009). In the 10 years Lafley was president and CEO, P&G doubled its sales and grew its portfolio of billion-dollar brands from 10 to 22, according to Dec. 8 release. WellPoint's Braly joins board: In a same-day release, P&G says it has appointed WellPoint President and CEO Angela F. Braly to its board, effective immediately. WellPoint, a health benefits provider with 34 million members, has initiated coverage for OTC products in some areas (2"The Tan Sheet" May 26, 2008)
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