Capital, Earnings & M&A
Four Years, Three Leadership Changes: P&G at a Loss
After layoffs and divestitures, P&G still struggles to reverse its declining performance. Recently, it was reported that Lin Xiaohai, Vice President of P&G China, has left the company, making him the third sales head to depart in four years. As P&G's second-largest market, China's importance is undeniable, and the frequent leadership changes reflect the immense pressure from declining sales. Industry insiders say that a "slimmed-down" P&G is gradually shedding its affordable, approachable image and upgrading its strategy with premium products, but the results have been poor.
钱瑜 林杉