CINCINNATI "Innovation that truly improves people's lives is more important than ever," Procter & Gamble's chairman, president and CEO Bob McDonald said to company shareholders at its annual meeting.
Commenting on its "purpose-inspired" growth strategy, McDonald said that while significant opportunties for improvement lay ahead, P&G continues to see growth; organic sales grew 3%, core earnings per share rose 6% and adjusted free cash flow was 125% of net earnings for the last fiscal year ended June 30.