Procter & Gamble (P&G) has appointed Shailesh Jejurikar as its new president and CEO, effective January. 

Jejurikar will take over the role from Jon Moeller, who will become P&G’s executive chairman and lead the board of directors, advising the CEO. 

“We thank Jon for his strategic leadership and guidance as he has played a pivotal role in designing and implementing P&G’s integrated portfolio, superiority, productivity and organization strategy, as part of one of the most significant transformations in the company’s history,” said Joe Jimenez, lead director of P&G’s board.

Jejurikar, currently the company’s COO, will also stand for election as a director at the annual shareholder meeting in October.

Having been a part of P&G since 1989, Jejurikar held several leadership roles in the company’s core businesses across North America, Europe, Asia and Latin America.

He has helped lead the development of P&G’s renewed strategies and improve operational results in its supply chain, IT and global business services. 

“Shailesh has been an integral part of P&G’s leadership team with substantial contributions across multiple businesses and in both developed and developing regions, notably in fabric care and home care and most recently in P&G’s enterprise markets,” said Jimenez. 

“He has consistently delivered strong results in the businesses and markets he has led. 

“Shailesh is an outstanding leader, and the company will benefit from his ongoing leadership to build on the strong foundation he has helped create.”