Former P&G CEO dies
CINCINNATI — Former Procter & Gamble (P&G) chief executive officer (CEO) John G. Smale died on Saturday at age 84, according to a press release.
Smale served as chief executive officer of Cincinnati-based Procter & Gamble from 1981 to 1990, the release stated.
According to the release, under his watch, the company doubled sales to more than $24 billion and earnings to $1.6 billion and expanded into 15 new product categories and 23 new countries.
"The man''s character was defined by all the things character is defined by: His wisdom, his courage, his persistent commitment to doing what''s right for the longer term — absolutely right down the line. Never compromising," said John Pepper, Procter & Gamble''s CEO from 1995 to 1999.
After Smale retired from Procter & Gamble, General Motors'' (GM) board picked him to lead that struggling company, and he helped get the automobile manufacturer profitable within two years, the release noted.
Smale served as chairman of the General Motors board from 1992 to 1995, and continued to serve on the GM board until 2002, the release added.
Click here to read the complete release.