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.
Thursday morning Ray Toenniessen, Associate Vice President of IVMF, picked me up and took me to the new National Veterans Resource Center, a new building on the Syracuse campus that will house IVMF and its resources. It is a beautiful new building, funded primarily by a donation by Dan D’Aniello, Co-Founder of Carlyle and Chair […]
I recently spoke to the partners and employees of SynFiny, a Cincinnati-based global consulting firm, about my leadership of the Department of Veterans Affairs. I was asked to talk specifically about how to change corporate culture. I began my talk by asking an important question, “What do you do, and what steps do you take, […]
It was my privilege to speak to a group of about forty or so business leaders at the McKinsey Leadership Forum. Other speakers included my friends Admiral (Retired) Eric Olson, former Commander of the U. S. Special Operations Command, and Beth Colbert, former McKinsey Partner and Head of Office of Personnel Management when I was […]