
India-born Shailesh Jejurikar to be next CEO of American FMCG major Procter & Gamble
Jejurikar (58), who joined Procter & Gamble (P&G) as an assistant brand manager in 1989, will replace Jon Moeller as part of a top leadership transition, according to a statement from the Cincinnati, Ohio-based company.
New Delhi, Jul 29 (PTI) American FMCG major Procter & Gamble Company has named India-born Shailesh Jejurikar as its next Chief Executive Officer, who will lead the consumer goods multinational from January 1, 2026.
'Shailesh Jejurikar…will succeed Jon Moeller as Procter & Gamble's President and Chief Executive Officer, effective January 1, 2026. The Board has also nominated Jejurikar to stand for election as a Director at the annual shareholder meeting in October 2025,' a statement from P&G said.
He helped build several of P&G's core businesses, including global Fabric Care and Home Care in regions including North America, Europe, Asia and Latin America. He has also helped lead the development of the company's renewed strategies and operational results in the Supply Chain, Information Technology and Global Business Services.
P&G is a leading FMCG company in India market also, operating with brands including, Ariel, Tide, Whisper, Olay, Gillette, Ambipur, Pampers, Pantene, Oral-B, Head & Shoulders and Vicks.
Jejurikar, an alumnus of IIM Lucknow, is the latest to join an elite league of India-born C-suite executives at global giants.
Earlier this month, Moradabad-born Sabih Khan was elevated to the position of chief operating officer of iPhone maker Apple.
Khan, who will still have Apple CEO Tim Cook as his leader, will take over his new role from Jeff Williams later this month, rising through the ranks after being at Apple for 30 years and joining the executive team as senior vice president of operations in 2019.
Satya Nadella is the Chairman and CEO of Microsoft, while Sundar Pichai is the CEO of both Google and its holding company Alphabet. Shantanu Narayen, Chair and Chief Executive Officer of Adobe, one of the largest software companies in the world and Arvind Krishna, Chairman, President and CEO of IBM, are among those active pole bearers.
Joining them are Vasant Narasimhan, the CEO of global pharma major Novartis, and Reshma Kewalramani, CEO and President of global biotech major Vertex.
Similarly, Sanjay Mehrotra, Chairman, President and CEO at Micron Technology; Anirudh Devgan, President and CEO of Cadence, and Leena Nair, Global CEO of Chanel, are among the other significant active members.
Sanjiv Kataria, the ex-CEO of Bata, held the distinction of being the first Indian global CEO of the footwear major. He resigned from the post last month.
Likewise, Laxman Narasimhan, who parted ways with Starbucks last year after serving as its CEO, had also led another multinational giant Reckitt Benckiser as CEO.
Indra Nooyi who stepped down as CEO of foods and beverages major PepsiCo in 2018 after leading the company for 12 years and serving it in various roles for 24 years and Harish Manwani who became the first Chief Operating Officer of FMCG major Unilever in 2011, paved the way for India-born executives to head global companies. PTI KRH RKL ANU
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
20 minutes ago
- Economic Times
100% tariff on chips and semiconductors? Trump plans big tech crackdown as firms race to build in U.S.
100% tariff on chips and semiconductors — that's the bold step Trump just proposed, targeting imported semiconductors to push companies to build in the U.S. This isn't just a policy shift—it's a potential shake-up for the entire tech world. The plan would slap a massive tariff on chips unless companies are already manufacturing or committing to build facilities in America. While some giants like Apple are moving fast with U.S. investments, others might face huge costs. Tired of too many ads? Remove Ads Why is the U.S. targeting chip imports with a 100% tariff? Tired of too many ads? Remove Ads Which companies could be impacted the most? Popular in International How will the tariff affect electronics and consumer prices? Is this a game changer for the U.S. chip industry? What does this mean for the global tech economy? Tired of too many ads? Remove Ads FAQs: President Donald Trump has announced a 100% tariff on all imported chips and semiconductors. This dramatic move is aimed at pressuring tech companies to bring semiconductor manufacturing back to the United States. With global tensions high and supply chains under strain, this policy marks a turning point not just for the U.S. economy—but for the entire global tech to trade data, the U.S. imported approximately $46.3 billion worth of semiconductors in 2024, making up nearly 1% of the country's total $3.35 trillion in goods imports. These numbers highlight just how critical imported chips are to the American economy—and how bold this new policy really new 100% semiconductor tariff is more than just a trade policy—it's a clear message. Trump wants to reduce America's dependency on foreign-made chips, especially those coming from Asia. Over 70% of the world's chips are currently produced in Taiwan, South Korea, and China, leaving the U.S. exposed to global disruptions and geopolitical tariff is designed to flip the script. Instead of relying on global factories, Trump wants companies to build chip facilities on American soil. It's a direct attempt to bring tech manufacturing back home—and it's happening giants like, andrely heavily on imported chips to power everything from iPhones to electric cars. But Trump has made one thing clear: companies that are already building or committing to build semiconductor plants in the U.S. will be exempt from the 100% for example, has already pledged a $100 billion investment in U.S.-based chip and component manufacturing—a strategic move to sidestep the penalty and strengthen its domestic supply chain. Others are expected to follow suit, fast-tracking plans to expand U.S. operations and avoid the steep immediate concern for consumers is price. Since most electronics—phones, laptops, TVs, cars—depend on chips, this tariff could quickly translate intoIf companies fail to localize chip production, they'll likely pass theonto customers. That means we could see price hikes in smartphones, EVs, gaming devices, and even home appliances. Industry analysts warn this couldin consumer tech fast. Unlike earlier policies like the CHIPS Act under Biden, which focused on incentives and subsidies, Trump's approach is based on pressure. It forces companies to act—not just say the 100% chip import tariff could accelerate billions in U.S. tech infrastructure, boost job creation in semiconductor hubs, and shift global supply chain priorities. However, some fear retaliation from trade partners or a rise in global tech isn't just a U.S. story—it's a global one. Countries that dominate chip exports—like Taiwan, South Korea, and China—may respond with their own measures. The tariff could intensify trade tensions, impact global production timelines, and force tech companies to diversify sourcing at a massive the U.S. market being one of the most lucrative for tech, no brand can afford to ignore this shift. We're already seeing a surge in factory announcements, investment deals, and reshoring plans, and it's just the has proposed a 100% tariff on all imported semiconductors unless companies are building or operating facilities in the companies manufacturing or committing to manufacture chips in the U.S. will be exempt from the new tariff.


News18
31 minutes ago
- News18
Trump announces Apple investing another USD 100 billion in US manufacturing
Washington, Aug 6 (AP) Apple CEO Tim Cook joined President Donald Trump at the White House on Wednesday to announce a commitment by the tech company to increase its investment in US manufacturing by an additional USD 100 billion over the next four years. 'This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America," Trump said at the press conference. 'Today's announcement is one of the largest commitments in what has become among the greatest investment booms in our nation's history." As part of the Apple announcement, the investments will be about bringing more of its supply chain and advanced manufacturing to the United States as part of an initiative called the American Manufacturing Programme, but it is not a full commitment to build its popular iPhone device domestically. 'This includes new and expanded work with 10 companies across America. They produce components — semiconductor chips included — that are used in Apple products sold all over the world, and we're grateful to the President for his support," Cook said in a statement announcing the investment. The new manufacturing partners include Corning, Coherent, Applied Materials, Texas Instruments and Broadcom among others. Apple had previously said it intended to invest USD 500 billion domestically, a figure it will now increase to USD 600 billion. Trump in recent months has criticised the tech company and Cook for efforts to shift iPhone production to India to avoid the tariffs his Republican administration had planned for China. While in Qatar earlier this year, Trump said there was 'a little problem" with the Cupertino, California, company and recalled a conversation with Cook in which he said he told the CEO, 'I do not want you building in India." India has incurred Trump's wrath, as the president signed an order on Wednesday to put an additional 25 per cent tariff on the world's most populous country for its use of Russian oil. The new import taxes to be imposed in 21 days could put the combined tariffs on Indian goods at 50 per cent. Apple's new pledge comes just a few weeks after it forged a USD 500 million deal with MP Materials, which runs the only rare earths producer in the country. That agreement will enable MP Materials to expand a factory in Texas to use recycled materials to produce magnets that make iPhones vibrate. Speaking on a recent investors call, Cook emphasised that 'there is a load of different things done in the United States". As examples, he cited some of the iPhone components made in the US such as the device's glass display and module for identifying people's faces and then indicated the company was gearing to expand its productions of other components in its home country. 'We are doing more in this country, and that is on top of having roughly 19 billion chips coming out of the US now, and we will do more," Cook told analysts last week, without elaborating. News of Apple's latest investment in the US caused the company's stock price to surge by 5 per cent in Wednesday's midday trading. That gain reflects investors' relief that Cook 'is extending an olive branch" to the Trump administration, said Nancy Tengler, CEO of money manager Laffer Tengler Investments, which owns Apple stock. Despite Wednesday's upturn, Apple's shares are still down by 15 per cent this year, a reversal of fortune that has also been driven by the company's botched start in the pivotal field of artificial intelligence. (AP) RC view comments First Published: August 07, 2025, 03:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Economic Times
an hour ago
- Economic Times
Apple drops $100B US manufacturing bomb—Trump, Cook announce $600B total plan as Wall Street goes wild
Apple has announced a massive $100 billion boost to its U.S. manufacturing investment, pushing its total commitment to $600 billion. This bold move has sparked a sharp rise in Apple's stock as the company strengthens its American supply chain and creates thousands of new jobs. Synopsis Apple's $600 billion U.S. manufacturing investment, announced by CEO Tim Cook and President Donald Trump, is a game-changer for the tech industry and American jobs. The new $100 billion boost through the American Manufacturing Program focuses on reshoring supply chains, expanding partnerships with key U.S. companies, and creating 20,000 new jobs in innovation-driven fields. Apple's stock soared as investors applauded the move, seeing it as a smart step against global trade risks. Apple has just taken a massive step forward in boosting U.S. manufacturing. The tech giant announced it will invest another $100 billion in the United States. This new commitment brings Apple's total planned investment to a staggering $600 billion over the next four years. Apple CEO Tim Cook joined President Donald Trump at the White House to make this big announcement, which has sent Apple's stock soaring on Wall Street. ADVERTISEMENT Apple's $600 billion investment plan isn't just a number—it's a major push to bring more manufacturing back to the U.S. The new $100 billion addition is part of Apple's ambitious American Manufacturing Program (AMP). This program aims to expand Apple's supply chain and production capabilities on American soil, including advanced manufacturing processes. The move is designed to reduce Apple's reliance on overseas manufacturing and create more high-tech jobs in the U.S. Apple plans to work with many American companies such as Corning, Coherent, Applied Materials, Texas Instruments, and Broadcom to build key parts and materials domestically. One standout deal is the $2.5 billion investment with Corning to produce 100% of iPhone and Apple Watch glass in Kentucky. This facility will feature the world's largest and most advanced smartphone glass production line and an Apple-Corning Innovation Center. This massive U.S. investment isn't just about products; it's about people and jobs. Apple is set to hire around 20,000 new employees in the U.S. over the next four years. These hires will be focused on research and development, silicon engineering, software development, and artificial intelligence—all cutting-edge areas. This move is expected to give a real boost to the American economy, particularly in manufacturing sectors that have seen decline over the years. With more advanced manufacturing happening domestically, Apple hopes to build a resilient supply chain that can withstand global disruptions. The initiative also aligns closely with President Trump's 'America First' economic policies, which emphasize growing U.S.-based production and reducing dependence on foreign suppliers. There are several reasons behind Apple's big investment push in the U.S. For one, global trade tensions and tariffs have made overseas manufacturing more complicated and expensive. By increasing production in the U.S., Apple can avoid some of these trade-related costs and risks. ADVERTISEMENT Moreover, customers and governments worldwide are paying more attention to supply chain security and sustainability. Bringing manufacturing closer to home helps Apple improve oversight and reduce its environmental footprint. Finally, investing in American manufacturing supports innovation, as close collaboration between engineers and factory workers accelerates new product development. Wall Street responded enthusiastically to Apple's news. The company's stock price jumped nearly 5%, adding roughly $140 billion to its market value in just one day. Investors see Apple's plan as a smart way to secure its supply chain, avoid tariffs, and tap into the growing push for domestic production. ADVERTISEMENT This stock surge reflects confidence in Apple's leadership and long-term strategy. It also shows that the market values companies willing to invest big in U.S. manufacturing and innovation, especially amid ongoing global economic uncertainties. While Apple is ramping up its U.S. manufacturing, it's not abandoning its global supply chain. Instead, the company aims to balance production across different regions. By diversifying where products and components are made, Apple can better handle disruptions like those caused by the pandemic or geopolitical tensions. ADVERTISEMENT The new American Manufacturing Program adds an important layer of resilience to Apple's operations, making the supply chain more flexible and secure. This strategy keeps Apple competitive in a world where manufacturing agility is more important than ever. Q: What is Apple's American Manufacturing Program? A: It's Apple's $600 billion plan to expand manufacturing and supply chains in the U.S., creating jobs and building advanced facilities. ADVERTISEMENT Q: How did Apple's stock react to the investment announcement? A: Apple's stock jumped nearly 5%, reflecting strong investor confidence in the company's U.S. growth plans. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY