Procter and Gamble
Leading maker of consumer household products.
Headquarters:
One Procter & Gamble Plaza
Cincinnati, OH 45201
Employees: 135,000
CEO: A.G. Lafley
Stock Symbol: PG
Website: http://www.pg.com
Career Site
Procter and Gamble is the world's leading maker and distributor of household consumer products including soap, toilet paper, detergent, shampoo, and razors.
The company's well-known brands include: Ivory soap, Tide detergent, Cascade dishwashing detergent, Head and Shoulders shampoo, Crest toothpaste, Always, Pampers, Downy, Duracell, Gillette, Braun, Pepto Bismol and Tampax. Products may have different localized brand names in other countries.
P&G has operations in over 80 countries and products reach over 4 billion people.
Procter and Gamble announced it may eliminate up to 100 of its brands and focus on 80 brands that generate 95% of the company's profits and 90% of total sales.
In fiscal 2014, P&G reported total sales of $83.1 billion, a 1% increase, and net income of $11.6 billion. Fabric care and home care division generated the most revenues with $26.6 billion. The Baby, Feminine and Family care division generated $20.9 billion in revenues.
In April, the company sold the bulk of its pet foods division to Mars Inc. for $2.9 billion.
History
William Procter came from England to the U.S. and established himself as a candlemaker. James Gamble was from Ireland and apprenticed himself to a soapmaker. The two might never have met had they not married sisters, Olivia and Elizabeth Norris, whose father convinced his new sons-in-law to become business partners. In 1837, as a result of Alexander Norris' suggestion, a bold new enterprise was born: Procter & Gamble.
On April 12, 1837, William Procter and James Gamble start making and selling their soap and candles. On August 22, they formalized their business relationship by pledging $3,596.47 apiece. The formal partnership agreement is signed on October 31, 1837.
In 2005, P&G acquired Gillette Corp. for $57 billion, a maker of razors and shaving products.
In 2008, Procter and Gamble sold its Folgers coffee business to J.M. Smucker Company in a stock transaction worth $3 billion. Folgers is the leading producer of retail packaged coffee products in the United States.
In 2009, Procter and Gamble sold its prescription drug business to Warner Chilcott for $3.1 billion.
In 2012, Procter and Gamble sold Pringle's Potato Chips to Kellogg for $2.69 billion.
Benefits
Paid Time Off – New hires will enjoy vacation, public holidays, and personal holidays. P&G has two more paid holidays on average than peer companies, and you will have the opportunity to buy an additional week of vacation using pre-tax dollars by using your FlexComp credit or through salary redirection.
Health Care Benefits: As a new hire we know health care (medical and dental) benefits are important to you which is why we offer coverage beginning on your first day (as long as you enroll within 30 days of your hire date). We are also proud to be able to offer these important benefits to our employees at much lower premiums with lower deductibles than most employers.
Wellness Programs: Employees’ health and well being are extremely important to P&G. P&G’s Vibrant Living and Blue Print for Healthy Living are two programs offered to educate and empower employees and their family members to make the best possible health care and lifestyle-related choices. Participation in the programs includes incentives such as earning back your health care deductible.
Retirement Plan: Profit Sharing - P&G makes an automatic contribution to your account based on your years of service & base salary (5% the first year you are eligible). You do not need to make any contribution, but may choose to add additional contributions to a P&G Stock Savings Plan. Flex Benefits/FlexComp - P&G provides you with a Company Credit to your FlexComp account (% of your salary based on years of service) that you can spend as you choose on a number of pre or post tax benefits including, but not limited to, buying additional vacation, child/dependent care assistance, life insurance, etc.
Tuition Reimbursement - P&G offers a very generous Tuition Reimbursement Plan that allows employees to seek continuing education courses or programs that are related to their current or potential next assignment within the company. We will reimburse 80% of tuition and qualifying fees (pre-approval process) with a lifetime cap of $40,000 on Company reimbursed expenses.
Updated August 3, 2014
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