May 10 (Reuters) – Procter Gamble Co will move its
skin care, cosmetics and personal-care headquarters from Ohio to
Singapore to be closer to the growing Asian market, and the
president of the group will leave rather than move.
The relocation, which is expected to take two years, comes
as PG wants to run the business out of Asia where it sees the
biggest growth opportunity. It was announced less than three
months after PG unveiled a restructuring plan aimed at saving
$10 billion and helping the world’s largest household products
maker expand faster in emerging markets.
Cincinnati-based PG’s brands include CoverGirl makeup, Olay
and SK-II skin-care products and Secret deodorant.
Virginia Drosos, 49, chose to retire rather than uproot her
family, which includes two teenagers, according to a PG
spokesman. Drosos has been with PG since 1987.
Deb Henretta, group president of PG’s Asia and global
specialty channel, will take over as group president of global
skin care, cosmetics and personal care.
Henretta, 51, joined PG in 1985.
The change is expected to affect no more than 20 positions.
Henretta’s current position will be filled by Hatsunori
Kiriyama, PG’s vice president of Japan, marking the first time
PG has had an Asian leader as president of Asia. He will be
responsible for all of Asia except Greater China,
