01—Abstract
Summary
Summary of the 8-K filed February 14, 2008. Cited figures are marked; the original filing is the authoritative source.
The Procter & Gamble Company (PG) has filed an 8-K reporting significant changes within its executive legal team.
James J. Johnson, the current Chief Legal Officer and Secretary, is set to retire effective June 1, 2008. This transition marks the end of Mr. Johnson's tenure in these key roles.
To ensure a smooth handover, the company has appointed Steven W. Jemison as the successor for both Chief Legal Officer and Secretary, with his appointment effective March 1, 2008.
Mr. Jemison brings extensive experience to this role, having served in various senior legal positions within P&G, including his most recent role as Deputy General Counsel. This internal promotion suggests a strategic move to leverage established talent for leadership continuity.
02—Key points
Key Highlights
- James J. Johnson, Chief Legal Officer and Secretary, will retire effective June 1, 2008.
- Steven W. Jemison has been appointed as the new Chief Legal Officer and Secretary.
- Mr. Jemison's appointment is effective March 1, 2008, preceding Mr. Johnson's retirement.
- Mr. Jemison's most recent role was Deputy General Counsel.
- The company has a planned transition to ensure continuity in its legal leadership.
- The filing is made under SEC's Item 5.02(b) and (c) concerning officer departures and appointments.
03—Questions
Frequently Asked Questions
Who is departing from Procter & Gamble's executive team and when?
James J. Johnson, the Chief Legal Officer and Secretary, is retiring from his roles effective June 1, 2008.
Who is succeeding James J. Johnson?
Steven W. Jemison, currently the Deputy General Counsel, has been appointed to succeed Mr. Johnson as Chief Legal Officer and Secretary.
When does the leadership change in the legal department take effect?
Steven W. Jemison's appointment as Chief Legal Officer and Secretary is effective March 1, 2008. Mr. Johnson's retirement is effective June 1, 2008, indicating a month-long overlap.
What is Steven W. Jemison's background within Procter & Gamble?
Mr. Jemison has a strong internal track record, having served as Deputy General Counsel since July 2006. Prior to that, he held positions such as Secretary & Associate General Counsel and General Counsel for the Central & Eastern Europe, Middle East and Africa region.
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