CINCINNATI, OH (FOX19) - Procter & Gamble executive Melanie Healey will leave the company next year, the Wall Street Journal reports.
As head of North American operations, Healy was considered a top candidate to succeed current CEO A.G. Lafley. An internal memo distributed to employees Wednesday said Healey would retire from P&G in June of 2015, according to the Wall Street Journal.
In the memo, Lafley announced retirements and appointments, saying it's all to put the right leaders in place for the "new" P&G.
He goes on to say in that memo, "These changes simplify the way we organize and manage the Company. We have fewer business presidents and a flatter structure. We've consolidated functions to better support the businesses. As a result, we will have the same or fewer presidents and function leaders as we had in 2001 when sales were $39 billion—less than half our sales today."
In August, P&G announced it would slim down by selling more than half its brands around the globe over the next year or two, leaving it with about 70 to 80 of its top performers.
Healey started with the Cincinnati-headquartered company 25 years ago in Johnson & Johnson's Consumer Division in Brazil and became Group President in 2009.
Healy was named one of Forbes' Most Powerful Women in Business in 2011.