P&G Names Longtime Executive to Replace CEO

Procter & Gamble Co., which has been struggling to increase sales in recent quarters, promoted its chief operating officer to become chief executive officer on Jan. 1.

Shailesh Jejurikar, 58, who joined the company in 1989, will replace Jon Moeller, according to a statement. Moeller, who was named to the top job about four years ago, will become P&G’s executive chairman, the company said.