NEW YORK -- Procter & Gamble Co. board members are dissatisfied with Chief Executive Officer Robert McDonald's performance and are discussing a leadership change, people familiar with the situation told Bloomberg News.
The board's discussions in part coincide with activist investor William Ackman taking a stake in Cincinnati-based P&G. Mr. McDonald, 59, has been CEO for about three years and came under fire from analysts this year when P&G lost market share.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.