Say it isn’t so.. Bye-Bye Bruce, Mark and Mary Ann

A recent article in Advertising Age talks about the departure of several X-Gillette Executives who were thought to have made the transition from Gillette to P&G.

“Set to retire before yearend are Bruce Cleverly, 62, who headed the companies’ combined oral-care businesses but has been on special assignment reporting to Chairman-CEO A.G. Lafley since this winter; Mark Leckie, 53, who heads the Gillette, Duracell and Braun businesses; and Mary Ann Pesce, 52, who heads the companies’ combined deodorant and personal-wash businesses. Mr. Leckie did not return calls, Mr. Cleverly declined to comment and Ms. Pesce couldn’t be reached. “

You would assume that these individuals will retire before Oct 1, 2007 to cash in on the outrageous severance payout.

You can read the full article here. If you would like to know what happened to the Gillette Management team click here.

Update: apparently all true, P&G made the following announcements.
Mark M. Leckie (53), currently group president – Gillette global business unit, will retire September 1, 2007

Bruce Cleverly (62), currently president on special assignment, will retire September 12, 2007 after 32 years of service.

Mary Ann Pesce (55), currently president – deodorants/male personal care and personal cleansing, will retire September 1, 2007, after 26 years of service.

Kilts Book Available September 4, 2007 for $35

180million wasn’t enough, you greedy son of a B*&&^%!

Random House

Doing What Matters
How to Get Results That Make a Difference – The Revolutionary Old-Fashioned Approach

Written by James M. Kilts , John F. Manfredi and Robert Lorber

Gillette is Cannibalized, I Mean Realigned by P&G

Earlier this week Procter & Gamble announced it would be overhauling its corporate structure by dividing it into three new global units while breaking up its Gillette business. The restructuring will take effect on July 1, 2007.

As a result of the restructuring, Gillette will no longer be operating as its own global business unit. Its Duracell battery division will now be a part of the global household care unit, while the shaving division will come under beauty care.

P&G Alum , or Twice Baked

The first time that these executives left P&G it was a “regrettable lose”, but leaving for a second time is simply Twice Baked!!!!!!!!!!!

Joseph Scalzo, a onetime P&Ger, was the head of Gillette’s personal-care unit. Scalzo left P&G to be President and Chief Executive Officer of WhiteWave Food

Other former P&Gers who had joined Gillette are Robert DeMartini, a top executive in the blades and razors division; Edward F. Lonergan, who ran Gillette Europe; and James D. White, who was responsible for Gillette’s Canadian operations. Lonergan – Merger Casualty, White – Merger Casualty, DeMartini – Merger Casualty (CEO at New Balance)

Sillyness from the Top on Integration of Gillette Systems into P&G’s SAP system

December 22,2005 

In a recent interview with the Financial Times
Mr Lafley said: “The other thing that’s changed is we really have had a chance over the last several acquisitions to plan. We put them [acquisitions] on our systems, we put them in our structure and we don’t get into silly discussions about whether you’re going to use SAP [software systems] or not. You’re going to use SAP, okay? We’ve spent a small fortune on a global SAP platform. That’s not negotiable.”

Newell Rubbermaid Names Gillette and P&G Executives to Board of Directors

Dec 17, 2005

ATLANTA, Dec. 17 /PRNewswire-FirstCall/ — Newell Rubbermaid Inc.
(NYSE: NWL) today announced the expansion of its board to 12 directors with the appointments of Michael T. Cowhig, President Global Technical and Manufacturing at Gillette, and Mark D. Ketchum, former President Global Baby and Family Care at Procter & Gamble, to its board of directors.

Mr. Kilts – ex Gillette CEO

James M. Kilts made history four years ago as the first outsider to lead Gillette Co., but ultimately he’ll be remembered as the man who sold the century-old Boston company to Procter & Gamble Co. of Cincinnati.

How much did Kilts get? A package valued at $165 million, including stock options and severance. On top of this, P&G has said it will give him stock and options worth $23 million in return for serving as its vice-chairman for one year and agreeing not to join a rival before 2009. Excluding $6.5 million he stands to earn during his year as vice-chairman, Kilts could eventually pocket an astounding $188 million.

Kilts Employement Agreement and Kilts Stock Option Agreement
Mr. Kilts walked away from the merger deal $185 million richer while Boston lost yet another corporate headquarters and an estimated 1,100 jobs on top of the 12,000 Kilts cut during his four year tenure with Gillette.

Procter & Gamble CEO AG Lafley Interview on CNBC [3-Oct-05]

Procter & Gamble CEO AG Lafley Interview about the Gilletter P&G Merger on CNBC 3-Oct-2005 link to video page