01—Abstract
Summary
Summary of the 8-K filed July 28, 2025. Cited figures are marked; the original filing is the authoritative source.
Procter & Gamble Co. (PG) has announced a significant leadership transition, with current Chairman, President, and CEO Jon Moeller set to move into an Executive Chairman role effective January 1, 2026.
Concurrently, Chief Operating Officer Shailesh Jejurikar will assume the positions of President and CEO, also effective January 1, 2026. This planned succession aims to ensure continuity in leadership while positioning the company for future growth under a new executive team. Mr. Jejurikar's appointment follows a long tenure with the company and a progression through various senior leadership roles, including his most recent position as COO.
This filing also details the updated compensation arrangements for both executives. Mr. Jejurikar will receive a base salary of $1.6 milliona and a target annual incentive of 200% of base salary, along with a $14 million long-term incentive award.
Mr. Moeller, in his new role, will receive a base salary of $1.2 millionb and a target annual incentive of 150% of base salary, with a $15 million long-term incentive award. These changes reflect the board's confidence in the new leadership structure and its commitment to retaining experienced talent.
02—Key points
Key Highlights
- Jon Moeller to transition from CEO to Executive Chairman effective January 1, 2026.
- Shailesh Jejurikar, currently COO, to become President and CEO effective January 1, 2026.
- Mr. Jejurikar nominated for election to the Board of Directors at the October 2025 annual shareholder meeting.
- Mr. Jejurikar's compensation as CEO includes a $1.6 million base salary, 200% target annual incentive, and a $14 million long-term incentive award.
- Mr. Moeller's compensation as Executive Chairman includes a $1.2 million base salary, 150% target annual incentive, and a $15 million long-term incentive award.
- The executive changes are effective January 1, 2026, ensuring a smooth leadership handover.
- The company issued a press release on July 28, 2025, detailing these executive changes.
03—Questions
Frequently Asked Questions
What are the key leadership changes at Procter & Gamble?
Jon Moeller will transition from CEO to Executive Chairman, and Shailesh Jejurikar will move from COO to President and CEO. Both changes are effective January 1, 2026.
What is Shailesh Jejurikar's background with the company?
Mr. Jejurikar joined Procter & Gamble in 1989 and has held progressively senior roles, most recently serving as Chief Operating Officer since 2021. He previously led the Global Fabric and Home Care division.
How will the compensation for the outgoing and incoming CEOs differ?
Effective January 1, 2026, Mr. Jejurikar (new CEO) will have a base salary of $1.6 million and a target annual incentive of 200% of base salary, plus a $14 million long-term incentive award. Mr. Moeller (Executive Chairman) will have a base salary of $1.2 million and a target annual incentive of 150% of base salary, plus a $15 million long-term incentive award.
Will Mr. Jejurikar join the Board of Directors?
Yes, Mr. Jejurikar has been nominated to stand for election to the Board of Directors at the Company's annual shareholder meeting in October 2025. If elected, he will not receive separate fees for his board service.
04—Continue