P&G names Moeller to leadership team as CFO

CINCINNATI Procter & Gamble has announced that Jon Moeller, current vice president and treasurer, will become the new chief financial officer, effective Jan. 1, 2009.

Moeller succeeds Clayton C. Daley Jr., vice chairman and chief financial officer, who will retire Sept. 16, 2009, after 35 years of service. He will step down as chief financial officer on Jan. 1, but will continue to serve as an advisor to chairman and chief financial officer A.G. Lafley.

“Jon Moeller has been an integral part of P&G’s leadership team for nearly a decade. He brings strategic leadership, tough-minded discipline, and a 20-year track record of strong business and financial results,” stated Lafley.

Moeller, who has worked in nearly every part of the P&G business from laundry and cleaning in China to beauty and health globally, has led major merger and acquisition operations, including the Wella acquisition and recent divestiture of Folgers.