P&G to Move Some Beauty Units to Singapore


Posted on May 15, 2012 @ 06:06 am



Procter & Gamble Co. recently announced that Virginia Drosos, global president beauty, skin, cosmetics and personal care, will exit the company Sept. 1 and several beauty categories will move their headquarters to Singapore, according to Associated Press. Although Drosos led plans for the move, she decided not to relocate due to reasons related to her family. She will be replaced by Deborah Henretta, 51, currently the group president of Asia. Henretta will be succeeded by Hasunori Kiriyama, 49, currently the vice president of Japan. He will oversee all of Asia except Greater China, which will continue to be led by Shannan Stevenson. P&G also announces it is moving its skincare, cosmetics and personal care corporate headquarters from its main office in Cincinnati to Singapore over the next two years, according to AP. No jobs are expected to be cut.