Before joining VA, Bob McDonald was Chairman, President, and Chief Executive Officer of The Procter & Gamble Company (P&G). Under his leadership, P&G significantly recalibrated its product portfolio, expanded its marketing footprint by adding nearly one billion people to its global customer base, and grew the firm’s organic sales by an average of three percent per year. This growth was reflected in P&G’s stock price, which rose from $51.10 the day he became CEO to $81.64 on the day his last quarterly results were announced—a 60 percent increase from 2009 to 2013.
During his tenure, P&G was widely recognized for its leader development prowess. In 2012, Chief Executive Magazine named P&G the best company for developing leader talent. The Hay Group, a global management consulting firm, consistently cited P&G in its top-tier listing of the Best Companies for Leadership. The company received recognition for its environmental and social sustainability initiatives, including the Department of State’s Award for Corporate Excellence for P&G’s operations in Pakistan and Nigeria. In addition, using the company’s innovative water purification packets, P&G committed itself to the 2020 goal of “saving one life every hour” by annually providing two billion liters of clean drinking water to people in the world’s developing countries.
I was so proud of my colleagues at the VA. They shared their data which demonstrated a continual decline in the usage of opioids and an increase in alternative treatments for pain management that include acupuncture, yoga, tai chi, and whole health coaching. Dr. Robert Sproul, Pharmacy Pain Program Manager and a leading voice nationally, […]
Thursday morning Diane and I were up before 6 a.m. I was suffering a cold, so I slept in rather than exercised. Plus, I wanted to get ready for the day’s events. We went down to the Washington Room of the Thayer Hotel, where we met Claudia Phillips, who is Director of Events for the […]
Seamless leadership transitions are necessary for organizations to sustain themselves and thrive. Only 61 companies on the Fortune 500 list when it started in 1955 were still on the list in 2015. Certainly one factor that led to the demise of those companies who fell off the list was poor succession planning and bad leadership […]