Procter & Gamble head of skin and personal care retires

Procter & Gamble head of skin and personal care Markus Strobel has retired from his role at the U.S. consumer goods giant, effective August 1.

SK-II

Coinciding with Strobel’s departure from P&G Beauty, Freddy Bharucha, currently the president of North American personal care and beauty operations, will become global president of personal care, overseeing Old Spice and Secret,and Sue Kyung Lee, currently chief executive officer of SK-II, will become global president of P&G Skin Care, overseeing Olay and SK-II.

Both will report to Alex Keith, CEO of P&G Beauty, and assume their new positions on July 1.

Strobel first joined P&G in 1991 in home care, before transitioning to its beauty and grooming segments, where he has since established brands across fine fragrance, haircare, grooming and skincare in a number of managerial roles.

 Serving 33 years at P&G total, he commenced his current position in 2017.

“Markus has been a powerfully effective leader of our skin and personal care businesses over the last six years, in addition to his previous contributions on brands like SK-II, Braun and Pantene,” Keith said.

“His impact on our global skin and personal care businesses is unique, resulting in consistent, strong growth across Olay, Old Spice, Secret and more.”

In its most recent trading update, P&G said net sales rose by 3.2% to $21.44 billion in the second quarter, hurt by weak demand for beauty and skincare products in China.

 

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