
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.
He is serving as Chief Operating Officer of P&G for over last six years and is also a board member of vertical transportation systems maker Otis Elevator Co.
'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.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
11 minutes ago
- Business Standard
Amid US strain, PM Narendra Modi set to visit China after 7 years
Prime Minister Narendra Modi is set to travel to China at the end of this month — his first visit to the country in seven years — to attend the annual summit of the Shanghai Cooperation Organisation (SCO), government sources said on Wednesday. Ahead of his arrival in China, Modi is slated to visit Japan on August 29. A bilateral meeting with Chinese President Xi Jinping on the sidelines of the SCO summit is also being planned, the sources said. While the government has yet to confirm such a meeting, it would likely attract global attention amid heightened tensions in both India–US and US–China relations, following the imposition of tariffs by American President Donald Trump. Ahead of Modi's trip, Chinese Foreign Minister Wang Yi is expected to visit India for the latest round of the Special Representatives dialogue on the boundary question, according to officials. On Wednesday, Trump followed through on his warning to impose an additional 25 per cent tariff on Indian goods, citing New Delhi's continued purchase of Russian oil. The move raises the total US tariff on Indian imports to 50 per cent. Meanwhile, Russian President Vladimir Putin is also expected to attend the SCO summit, which is due to take place in the Chinese city of Tianjin from August 31 to September 1. India, China and Russia are not only members of the SCO but also of BRICS, which held its latest summit in Rio de Janeiro in July. Both Xi and Putin were absent from that gathering, sending deputies in their place. Sources in New Delhi have not ruled out a possible Modi–Putin meeting on the sidelines of the Tianjin summit. Ahead of the SCO, National Security Adviser Ajit Doval and External Affairs Minister S Jaishankar are scheduled to travel to Moscow. At the Rio summit, BRICS nations voiced concern over the rise in unilateral tariff and non-tariff measures that distort global trade and run counter to World Trade Organization rules, though the US was not named directly. In March, as Washington escalated tariffs on Chinese imports, Wang Yi called for stronger cooperation between New Delhi and Beijing to push back against 'hegemonism and power politics', stating that 'making the dragon and elephant dance is the only choice'. On April 1, marking the 75th anniversary of India–China diplomatic ties, Xi sent a message to President Droupadi Murmu, saying the two nations should aim for 'a cooperative pas de deux of the dragon and the elephant'. Modi and Xi last met on October 23, 2024, on the sidelines of the BRICS summit in Kazan, Russia. The encounter marked a thaw in relations after the severe deterioration triggered by the Galwan Valley clash between Indian and Chinese troops in June 2020. The Kazan meeting led to disengagement at two key friction points along the Line of Actual Control, completed by November 2024. It also paved the way for the resumption of the Mansarovar Yatra, tourist visas for Chinese citizens, and discussions on reviving direct flights. Nevertheless, relations between the two countries have remained bumpy in recent months. In April, India raised concerns over Chinese restrictions on the supply of rare earth elements. A month later, it said Beijing provided military assistance to Pakistan during 'Operation Sindoor', India's offensive to dismantle terrorist infrastructure across the border. According to Indian officials, Pakistan deployed Chinese weapons and drones, and benefited from Chinese intelligence during the conflict. India has also been working to deepen ties with several of China's neighbours. On Tuesday, India and the Philippines signed agreements aimed at enhancing military cooperation. Their navies also conducted joint exercises near Scarborough Shoal, an atoll in the South China Sea that is the focal point of a maritime dispute between Beijing and Manila. Modi last visited China in June 2018 for the SCO summit, while Xi last visited India in October 2019. In the run-up to the Tianjin summit, Defence Minister Rajnath Singh, Jaishankar, and Doval had all visited China for preparatory SCO meetings. The two sides have also revived the Special Representatives dialogue and other engagement mechanisms. Pakistan, too, is a member of the SCO. In June, Singh refused to endorse a draft joint statement by the bloc's defence ministers, citing its failure to mention the Pahalgam terror attack and omission of references to Pakistan-backed cross-border terrorism.


Time of India
22 minutes ago
- Time of India
Tariff timeline: Major developments in Trump's trade war
US President Donald Trump Wednesday signed an executive order imposing an additional 25% tariff on India for its imports from Russia. A look at all his announcements related to tariffs on various countries: Aug 6- U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Here is a timeline of the major developments: February 1 - Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, demanding they curb the flow of fentanyl and illegal immigrants into the U.S. February 3 - Trump agrees to a 30-day pause in his tariff threat on Mexico and Canada in return for concessions on border and crime enforcement. The U.S. does not reach such a deal with China. Live Events February 10 - Trump raises tariffs on steel and aluminum to a flat 25%. March 3 - Trump says 25% tariffs on goods from Mexico and Canada will take effect from March 4 and doubles fentanyl-related tariffs on all Chinese imports to 20%. March 6 - Trump exempts goods from Canada and Mexico under a North American trade pact for a month. March 26 - Trump unveils a 25% tariff on imported cars and light trucks. April 2 - Trump announces global tariffs with a baseline of 10% across all imports and significantly higher duties on some countries. April 9 - Trump pauses for 90 days most of his country-specific tariffs that kicked in less than 24 hours earlier and caused an upheaval in financial markets. The 10% blanket duty on almost all U.S. imports stays in place. Trump says he will raise the tariff on Chinese imports to 125% from the 104% level that took effect a day earlier, pushing the extra duties on Chinese goods to 145%. May 9 - Trump and British Prime Minister Keir Starmer announce a limited bilateral trade agreement that leaves in place 10% tariffs on British exports and lowers duties on British car exports. May 12 - The U.S. and China agree to temporarily slash tariffs. Under the 90-day truce, the U.S. will cut the extra tariffs it imposed on Chinese imports to 30%, while China's duties on U.S. imports will be slashed to 10% from 125%. May 23 - Trump warns Apple it would face a 25% tariff if phones it sold in the U.S. were manufactured outside of the country. May 29 - A federal appeals court temporarily reinstates the most sweeping of Trump's tariffs, pausing an earlier lower court's ruling to consider the government's appeal. June 3 - Trump signs an executive proclamation activating a hike in the steel and aluminum tariffs to 50% from 25%. July 3 - Trump says the U.S. will place a 20% tariff on many Vietnamese exports, with trans-shipments from third countries through Vietnam facing a 40% levy. July 6 - Trump says on Truth Social that countries aligning themselves with the "Anti-American policies" of BRICS will be charged an additional 10% tariff. July 7 - Trump says on Truth Social the additional higher duties announced previously will kick in on August 1. In letters sent to 14 countries including Japan, South Korea and Serbia, he says that will include tariffs between 25% and 40%. July 10 - Trump says the U.S. will impose a 35% tariff on imports from Canada in August and plans to impose blanket tariffs of 15% or 20% on most other trading partners. July 15 - Trump says the U.S. will impose a 19% tariff on goods from Indonesia under a new agreement. July 22 - Trump strikes a trade deal with Japan that includes lowering tariffs on auto imports to 15%. July 27 - The U.S. reaches a trade agreement with the European Union, imposing a 15% import tariff on most EU goods. July 28 - Trump says most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20%. July 30 - Trump says the U.S. will impose a 25% tariff on goods imported from India, and places a 50% tariff on most Brazilian goods, with softer quotas for sectors such as aircraft, energy and orange juice. The U.S. reaches a deal with South Korea, reducing the planned levies to 15%. He says a 50% tariff on copper pipes and wiring would also kick in on August 1. July 31 - Trump signs an executive order imposing import tariffs ranging from 10% to 41% on 69 trading partners ahead of the trade deal deadline. He issues a separate order raising duties on Canadian goods subject to fentanyl-related tariffs to 35%, from 25% previously. He grants Mexico a 90-day reprieve from higher tariffs of 30% on many goods to allow time to negotiate a broader trade pact. August 6 - Trump imposes an additional 25% tariff on goods from India, saying the country directly or indirectly imported Russian oil.


Time of India
35 minutes ago
- Time of India
Trump tariffs: Exporters on edge, fear losing orders
NEW DELHI: Businesses are staring at a significant loss of orders during the upcoming festival season as Donald Trump's additional tariffs of 50% on Indian exports to the US makes it unviable to compete with products from rival countries. For them, the only hope is a breakthrough when Indian and American trade negotiators finish their talks in the last week of Aug. While smartphones, pharmaceuticals, and petrol, diesel and jet fuel using non-Russian oil are exempt from the tariffs notified from Aug 21, around 55% of Indian exports will be covered by the latest US action. Sectors, such as machine-made small jewellery will simply become unviable, given the low value addition and the resultant low margins. Soon after Trump's executive order, some exporters were on the phone with their American buyers, trying to assess the damage. "The 50% reciprocal tariff effectively imposes a cost burden, placing our exporters at a 30-35 percentage point competitive disadvantage compared to peers from countries with lesser reciprocal tariff... many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable," said Fieo president S C Ralhan. The massive gap in levies means that orders for a large part of garments will move from India to Bangladesh and Sri Lanka. Similarly, Pakistan will gain in case of some bed linen. "US buyers may shift orders to countries like Vietnam, Bangladesh, and China. It remains to be seen how things unfold in the next few weeks, how our BTA negotiations progress when the US team visits India for the sixth round of talks. Till that time, it is a wait and watch situation," said AEPC secretary general Mithileshwar Thakur. If the US imposes tariffs in line with Wednesday's announcements, in sectors such as non-leather footwear - which means products such as sports shoes and athleisure - companies looking to tie up with Indian suppliers to cater to the domestic and international markets will review their plans. Amid the rush to seek govt support, there were some sensible voices too. "Govt cannot offer the kind of support that will be required to offset the impact of the US tariffs, it will be illogical to even suggest that. It is good that we are engaged. If something good works out during this 21-day window it is very good, otherwise exporters will have to focus on market diversification," said Fieo director general Ajai Sahay. While some of India's trade agreements with the European Free Trade Association are going to come into effect from Oct, the one signed recently with the UK is around a year away from implementation. Even if the treaty with the EU is signed by the year-end, its ratification and rollout will take time. Besides, diversification is not going to be easy either as China is increasing its focus on European and other markets, hoping to hedge its bets, amid twists and turns in Trump's trade policy. Stay informed with the latest business news, updates on bank holidays and public holidays .