Procter & Gamble unveils management shake-up

New York

PROCTER & Gamble announced a reshuffling of its top ranks on Wednesday in a move that might provide a clue to who will become the next leader of the consumer products giant.

David Taylor, the group president for global health and grooming, will take over the company's global beauty unit, effectively giving him control of businesses that generate more than 40 per cent of the company's revenue. Mr Taylor will replace Deb Henretta, who will move to a newly created role overseeing global online business.