Procter & Gamble

Changes Designed to Further Growth

CINCINNATI, May 19, 2004 /PRNewswire-FirstCall/ -- The Procter & Gamble Company (NYSE: PG) today announced some business unit realignments and associated management changes designed to streamline business operations and support the company for further growth. These changes affect organization alignment only and will not result in any special charges.

    Retirements:
    Five senior officers have announced their intention to retire:
    - Steven N.  David, 55, chief information officer and business to business
      officer will retire on January 2, 2005 after more than 34 years of
      service.  Until that time, David will continue to be the global business
      to business officer.
    - Michael J. Griffith, 47, president-global beverages will retire on
      January 2, 2005 after more than 23 years of service.
    - Mark D. Ketchum, 54, president-global baby & family care, will retire on
      November 1, 2004 after more than 33 years of service.
    - Jorge P. Montoya, 57, president-global snacks & beverages and Latin
      America, will retire on October 1, 2004 after more than 33 years of
      service.
    - Martin J. Nuechtern, 50, president-global hair care, will retire on June
      30, 2005 after more than 26 years of service.

"The company owes these leaders a great debt of gratitude," said A.G. Lafley, P&G's chairman, president and chief executive. "They have made lasting contributions to accelerating P&G's growth and building strong organizations."

Management Changes and Business Unit Realignments:

The company will realign its business units effective July 1. The new units are: global beauty care; global health, baby and family care; and, global household care. With the retirement of several officers over the next six to twelve months, the company decided to make these changes now to ensure a smooth transition.

Concurrent with these changes, the company announced that the new global business units and the company's global operations will each be headed by a vice chairman. Effective July 1, the vice chairmen and their respective business units are:

    - Bruce L. Byrnes, 56, currently vice chairman of the board and president-
      global beauty & feminine care and global health care, will become vice
      chairman of the board and global household care.
    - R. Kerry Clark, 52, currently vice chairman of the board and president-
      global market development and business operations, will become vice
      chairman of the board and global health, baby & family care.
    - Susan E. Arnold, 50, currently president-global personal beauty care and
      global feminine care, will become vice chairman global beauty care.
    - Robert A. McDonald, 50, currently president-global fabric & home care,
      will become vice chairman global operations.

Arnold's and McDonald's new vice chairman responsibilities will focus on business operations and do not include serving on the company's board of directors.

Additionally, the company is creating a new group president position to recognize the scope of these business responsibilities effective July 1.

    - Werner Geissler, 51, currently president-Northeast Asia, will become
      group president-Central & Eastern Europe, Middle East and Africa.
    - Dimitri Panayotopoulos, 52, currently president-Central & Eastern
      Europe, Middle East and Africa, will become group president-global
      fabric care.
    - Paul Polman, 47, currently president-Western Europe, will become group
      president-western Europe.
    - Robert A. Steele, 48, currently president-North America, will become
      group president-North America.

In line with these changes, the following executives were elected to new positions, effective July 1:

    - Ravi Chaturvedi, 44, currently vice president-Greater China health &
      beauty care, will become president-Northeast Asia.
    - Christopher de Lapuente, 41, currently vice president-United Kingdom &
      Ireland, will become president-global hair care.
    - Jorge A. Uribe, 47, currently vice president-customer business
      development and marketing, Latin America, will become president-Latin
      America.
    - Fillippo Passerini, 46, currently global business services officer, will
      become chief information and global services officer.

Lafley said, "I am privileged to lead one of the most talented senior management groups in the history of the company. While some key managers are taking on new responsibilities, our strategies and structure are unchanged and we're maintaining significant continuity of leadership to drive further growth."

About Procter & Gamble

Two billion times a day, P&G brands touch the lives of people around the world. The company has one of the largest and strongest portfolios of trusted, quality brands, including Pampers(R), Tide(R), Ariel(R), Always(R), Whisper(R), Pantene(R), Bounty(R), Pringles(R), Folgers(R), Charmin(R), Downy(R), Lenor(R), Iams(R), Crest(R), Actonel(R), Olay(R) and Clairol Nice 'n Easy(R). The P&G community consists of nearly 98,000 employees working in almost 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.

    P&G Media Contacts:
    Corporate Media Center, +1-866-PROCTER (+1-866-776-2837)


     Procter & Gamble Organization Realignment, Effective July 1, 2004

    The Procter & Gamble Company        A.G. Lafley, Chairman, Chief Executive
                                          Officer

    Beauty Care                         *Susan Arnold, Vice Chairman
     Hair Care                          Chris de Lapuente, President
     Hair Color & Color Cosmetics       Marc Pritchard, President
     Skin Care, Prestiege
      Beauty & Personal Cleansing       Paolo de Cesare, President
     Feminine Care,
      Antiperspirants & Deodorants,
      Old Spice                         Martin Riant, President
     Global Professional
      Hair & Cosmopolitan Cosmetics     *Heiner Gurtler, President

    Health, Baby & Family Care          *Kerry Clark, Vice Chairman of the
                                         Board
     Oral Care                          Michael Kehoe, President
     Personal Health Care               Mary Lynn Ferguson-McHugh, Vice
                                         President
     Pharmaceuticals                    Mark Collar, President
     Pet Health & Nutrition             Jeff Ansell, President
     Baby Care                          Deb Henretta, President
     Family Care                        Charlie Pierce, President

    Household Care                      *Bruce Byrnes, Vice Chairman of the
                                         Board
     Fabric Care                        Dimitri Panayotopoulos, Group
                                         President
     Home Care                          Jorge Mesquita, President
     Snacks                             Fabrizio Freda, President
     Coffee                             Doug McGraw, Vice President
     Commercial Products                Malcolm Brookes, Vice President
     Human Resources, Global
      Household Care                    Dick Pease, Senior Vice President
     Research & Development,
      Global Fabric & Home Care         Nabil Sakkab, Senior Vice President

    Global Operations                   *Bob McDonald, Vice Chairman
     North America MDO                  Rob Steele, Group President
     Western Europe MDO                 Paul Polman, Group President
     Central & Eastern Europe,
      Middle East, Africa MDO           Werner Geissler, Group President
     Latin America MDO                  Jorge Uribe, President
     Northeast Asia MDO                 Ravi Chaturvedi, President
     Greater China MDO                  Laurent Philippe, President
     ASEAN, Australasia, India MDO      Chip Bergh, President

    Functional Officers
     Chief Financial Officer            *Clayt Daley
     Chief Technology Officer           *Gil Cloyd
     Chief Marketing Officer            *Jim Stengel
     Global Product Supply Officer      *Keith Harrison
     Global Customer Business
      Development Officer               *Mariano Martin
     Global Human Resources Officer     *Dick Antoine
     Chief Legal Officer, Secretary     *Jim Johnson
     Chief Information and Global
      Services Officer                  Fillippo Passerini
     Chief External Relations Officer   *Charlotte Otto
     Treasurer                          John Goodwin
     Comptroller                        John Jensen
     Design - Innovation and Strategy   *Claudia Kotchka
     Global Consumer & Market Knowledge *Kim Dedeker

    * reports to A.G. Lafley, President Chairman and Chief Executive

SOURCE The Procter & Gamble Company