The Procter & Gamble Company (NYSE:PG) today announced that
it has filed an updated investor presentation highlighting the
deliberate and successful transformation overseen by the P&G
Board and management team that has created a profoundly different,
much stronger, and more profitable Company. The presentation
outlines the Company’s strategy that is working to deliver results
and shareholder returns.
David Taylor, Chairman, President and Chief Executive Officer
commented, “The changes needed to accelerate growth are already
being implemented. We have strengthened and streamlined our
portfolio, simplified our structure and significantly enhanced
P&G’s productivity. Today, P&G is stronger, more profitable
and more agile with the right strategy and the right team to win.
Our results demonstrate that the plan is working. We are focused on
continuing this momentum and delivering balanced top- and
bottom-line growth to enhance value for the short-, mid- and
long-term.
“We have done our homework, and while we respect and will
continue to listen to Trian as an investor, we strongly believe
that putting the wrong person like Mr. Peltz on P&G’s Board of
Directors would risk derailing the Company’s progress.”
The presentation is available at
https://voteblue.pg.com/our-plan. Additional materials regarding
the recommendations of P&G’s Board and management team for the
2017 Annual Meeting of Shareholders can also be found on this
website.
About Procter & Gamble
P&G serves consumers around the world with one of the
strongest portfolios of trusted, quality, leadership brands,
including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®,
Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head &
Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®,
Tide®, Vicks®, and Whisper®. The P&G community includes
operations in approximately 70 countries worldwide. Please visit
http://www.pg.com for the latest news and information about P&G
and its brands.
Forward-Looking Statements
Certain statements in this release or presentation, other than
purely historical information, including estimates, projections,
statements relating to our business plans, objectives, and expected
operating results, and the assumptions upon which those statements
are based, are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements generally
are identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are based on current expectations and
assumptions, which are subject to risks and uncertainties that may
cause results to differ materially from those expressed or implied
in the forward-looking statements. We undertake no obligation to
update or revise publicly any forward-looking statements, whether
because of new information, future events or otherwise.
Risks and uncertainties to which our forward-looking statements
are subject include, without limitation: (1) the ability to
successfully manage global financial risks, including foreign
currency fluctuations, currency exchange or pricing controls and
localized volatility; (2) the ability to successfully manage local,
regional or global economic volatility, including reduced market
growth rates, and to generate sufficient income and cash flow to
allow the Company to affect the expected share repurchases and
dividend payments; (3) the ability to manage disruptions in credit
markets or changes to our credit rating; (4) the ability to
maintain key manufacturing and supply arrangements (including
execution of supply chain optimizations, and sole supplier and sole
manufacturing plant arrangements) and to manage disruption of
business due to factors outside of our control, such as natural
disasters and acts of war or terrorism; (5) the ability to
successfully manage cost fluctuations and pressures, including
prices of commodity and raw materials, and costs of labor,
transportation, energy, pension and healthcare; (6) the ability to
stay on the leading edge of innovation, obtain necessary
intellectual property protections and successfully respond to
changing consumer habits and technological advances attained by,
and patents granted to, competitors; (7) the ability to compete
with our local and global competitors in new and existing sales
channels, including by successfully responding to competitive
factors such as prices, promotional incentives and trade terms for
products; (8) the ability to manage and maintain key customer
relationships; (9) the ability to protect our reputation and brand
equity by successfully managing real or perceived issues, including
concerns about safety, quality, ingredients, efficacy or similar
matters that may arise; (10) the ability to successfully manage the
financial, legal, reputational and operational risk associated with
third party relationships, such as our suppliers, distributors,
contractors and external business partners; (11) the ability to
rely on and maintain key company and third party information
technology systems, networks and services, and maintain the
security and functionality of such systems, networks and services
and the data contained therein; (12) the ability to successfully
manage uncertainties related to changing political conditions
(including the United Kingdom’s decision to leave the European
Union) and potential implications such as exchange rate
fluctuations and market contraction; (13) the ability to
successfully manage regulatory and legal requirements and matters
(including, without limitation, those laws and regulations
involving product liability, intellectual property, antitrust,
privacy, tax, environmental, and accounting and financial
reporting) and to resolve pending matters within current estimates;
(14) the ability to manage changes in applicable tax laws and
regulations including maintaining our intended tax treatment of
divestiture transactions; (15) the ability to successfully manage
our ongoing acquisition, divestiture and joint venture activities,
in each case to achieve the Company’s overall business strategy and
financial objectives, without impacting the delivery of base
business objectives; and (16) the ability to successfully achieve
productivity improvements and cost savings and manage ongoing
organizational changes, while successfully identifying, developing
and retaining key employees, including in key growth markets where
the availability of skilled or experienced employees may be
limited. For additional information concerning factors that could
cause actual results and events to differ materially from those
projected herein, please refer to our most recent 10-K, 10-Q and
8-K reports.
Important Additional Information and Where to Find It
The Company has filed a definitive proxy statement on Schedule
14A and form of associated BLUE proxy card with the Securities and
Exchange Commission (“SEC”) in connection with the solicitation of
proxies for its 2017 Annual Meeting of Shareholders (the
“Definitive Proxy Statement”). The Company, its directors and
certain of its executive officers will be participants in the
solicitation of proxies from shareholders in respect of the 2017
Annual Meeting. Information regarding the names of the Company’s
directors and executive officers and their respective interests in
the Company by security holdings or otherwise is set forth in the
Definitive Proxy Statement. Details concerning the nominees of the
Company’s Board of Directors for election at the 2017 Annual
Meeting are included in the Definitive Proxy Statement. BEFORE
MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE
COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR
FURNISHED TO THE SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY
STATEMENT AND ANY SUPPLEMENTS THERETO AND ACCOMPANYING BLUE PROXY
CARD, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders
may obtain a free copy of the Definitive Proxy Statement and other
relevant documents that the Company files with the SEC from the
SEC’s website at www.sec.gov or the Company’s website at
http://www.pginvestor.com as soon as reasonably practicable after
such materials are electronically filed with, or furnished to, the
SEC.
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version on businesswire.com: http://www.businesswire.com/news/home/20170919006418/en/
P&G Media:Damon Jones,
513-983-0190Jones.dd@pg.comorP&G Investor Relations:John
Chevalier, 513-983-9974
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