Brett Biggs, former Executive Vice President
and Chief Financial Officer of Walmart, Inc., Newly Elected to
P&G Board of Directors
The Procter & Gamble Company (NYSE:PG) today announced that
at its 2023 Annual Meeting of Shareholders, Brett Biggs, former
Executive Vice President and Chief Financial Officer of Walmart,
Inc., was newly elected to its Board of Directors, effective
immediately. P&G shareholders elected all 14 P&G Director
nominees, including Mr. Biggs and 13 incumbent Directors, with each
receiving strong shareholder support according to preliminary
voting results.
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P&G today announced that at its 2023
Annual Meeting of Shareholders, Brett Biggs, former Executive Vice
President and Chief Financial Officer of Walmart, Inc., was newly
elected to its Board of Directors. (Photo: Business Wire)
P&G's Board is made up of skilled and experienced leaders
who provide expert guidance and oversight informed by their unique
personal and professional backgrounds. The elected Directors are
diverse across gender, race and ethnicity with a mix of tenure, age
and industry experience. P&G’s Board of Directors is made up of
the following individuals, with complete bios for each available at
https://us.pg.com/board-of-directors/:
B. Marc Allen Brett Biggs Sheila Bonini Angela F. Braly Amy L.
Chang Joseph Jimenez Christopher Kempczinski Debra L. Lee Terry J.
Lundgren Christine M. McCarthy Jon R. Moeller Robert J. Portman
Rajesh Subramaniam Patricia A. Woertz
Election of Mr. Brett Biggs to the P&G Board
P&G’s newest Board member Brett Biggs is the former
Executive Vice President and Chief Financial Officer of Walmart,
Inc., a role he held from 2016 until 2022.
“Brett brings to P&G significant insight from his experience
with a major multinational retailer and expertise related to public
company financial matters, including accounting and financial
reporting, tax, treasury, and capital strategy,” said Jon Moeller,
P&G’s Chairman of the Board, President and Chief Executive
Officer. “His experience will lend critical perspective on the
challenges and opportunities facing multinational companies, as
well as important digital and corporate governance insights from
having served as a key leader during Walmart’s transition from
traditional brick and mortar to broader omnichannel retail
operations. We’re delighted to welcome him to the P&G
Board.”
Mr. Biggs served as Chief Financial Officer of Walmart
International from 2014 to 2016 and of Walmart U.S. from 2012 to
2014. He also served as Senior Vice President of Operations for
Sam’s Club from 2010 to 2012.
During his more than 20-year career with Walmart, Mr. Biggs held
several other leadership roles, including Chief Financial Officer
of Sam’s Club, Senior Vice President-Corporate Finance and
Assistant Treasurer, and Senior Vice President-International
Strategy and Mergers and Acquisitions. Prior to joining Walmart in
2000, Mr. Biggs worked in roles related to corporate finance and
mergers and acquisitions with Leggett & Platt, Phillips
Petroleum Co., and Price Waterhouse.
Mr. Biggs serves as a senior advisor for Blackstone and sits on
the Board of Directors of Adobe, Inc. and YUM! Brands, Inc. In
addition to his private sector work, Mr. Biggs previously served on
the American Red Cross Board of Governors, on the Board of Regents
at Pepperdine University, and on the Board of Trustees of the
National Urban League.
Board and Shareholder Proposals
Company shareholders also voted today in favor of three Board
proposals to ratify the appointment of P&G's independent
registered public accounting firm, for an advisory vote on
executive compensation and for an advisory vote on the frequency of
future executive compensation votes. Shareholders voted against
three shareholder proposals requesting a civil rights audit, an
annual report on operations in China and a requirement for
shareholder approval for certain future amendments to Company
regulations.
The results of the vote announced today are considered
preliminary until final results are tabulated and certified by the
independent Inspector of Elections. Final results will be reported
on a Form 8-K filed with the U.S. Securities and Exchange
Commission, at which time they will become available on
www.pginvestor.com and www.sec.gov.
Quarterly Dividend Declared
Also at today’s Annual Meeting, the Company announced that the
P&G Board of Directors declared a quarterly dividend of $0.9407
per share on the Common Stock and on the Series A and Series B ESOP
Convertible Class A Preferred Stock of the Company, payable on or
after November 15, 2023 to Common Stock shareholders of record at
the close of business on October 20, 2023, and to Series A and
Series B ESOP Convertible Class A Preferred Stock shareholders of
record at the start of business on October 20, 2023.
P&G has been paying a dividend for 133 consecutive years
since its incorporation in 1890 and has increased its dividend for
67 consecutive years.
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
https://www.pg.com for the latest news and information about
P&G and its brands. For other P&G news, visit us at
https://www.pg.com/news.
Category: PG-IR
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P&G Media Contacts:
Erica Noble, +1.513.271.1793 Jennifer Corso, +1.513.983.2570
P&G Investor Relations
Contact: John Chevalier, +1.513.983.9974
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