P&G's Polman to retire in summer

He will be replaced by Laurent Philippe, currently president of P&G Greater China.

Until his retirement, Polman will work on a number of special projects, including the transition of Gillette's business in Europe to P&G following the $57m (£30m) deal between the two firms announced last month.

Polman oversaw the integration of the Wella haircare business in Europe and is viewed internally as a key player in P&G's expansion into the beauty market.

Philippe will oversee a business that, following the Gillette integration, will have entered new product areas such as razors and batteries.

Gianni Ciserani, vice-president and general manager of P&G UK & Ireland, will report to Philippe.

Daniela Riccardi, currently vice-president at P&G Eastern Europe, will replace Philippe in China.

This article was first published on Marketing