Strong Leadership to Take
P&G Forward

I’m proud to share that on July 29th, P&G’s Board of Directors unanimously elected Jon Moeller, Vice Chair and Chief Operating Officer, to succeed me as President and Chief Executive Officer, effective November 1, 2021.

Jon has been an integral part of P&G’s leadership team for well over two decades, helping develop the strategies that we are executing with excellence to drive P&G’s growth today. Jon is fully committed to P&G and P&G people. He is an outstanding leader, trusted confidant and valued partner to me and many across the Company, and I have benefited tremendously from his foresight, his focus and his friendship in my time as CEO.

In addition, Shailesh Jejurikar has been elected Chief Operating Officer, effective October 1, 2021. Shailesh currently serves as the Chief Executive Officer of the Company’s Fabric & Home Care sector, P&G’s largest business unit, which has consistently delivered industry-leading results.

I will transition to the role of Executive Chairman and support Jon and our terrific executive team as they continue to build on the strong momentum we have established through an integrated strategy that is being executed with excellence by P&G people everywhere.

VARIOUS STATEMENTS IN THIS ANNUAL REPORT, including estimates, projections, objectives and expected results, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are generally identified by the words “believe,” “expect,” “anticipate,” “intend,” “opportunity,” “plan,” “project,” “will,” “should,” “could,” “would,” “likely” and similar expressions. Forward-looking statements are based on current assumptions that are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties discussed in Item 1A – Risk Factors of the Form 10-K included in this Annual Report. Such forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise publicly any forward-looking statements, except as required by law.