Sustained Excellence

Today, and every day, is a day to step forward to win and deliver sustained excellence. Our work over the past several years has given us a strong foundation, but the opportunity ahead of us is even greater. That must be our mindset. Learn from the past, create the winning future — focused on creating value.

We understand the barriers. We’re clear about the near-term challenges ahead, but we see the possibilities because, collectively, with the diverse set of talent we have and the inclusive culture we’re working hard to create, we can do almost anything once we set our minds to it.

We know we’re capable. We have established strong momentum through an integrated strategy that is being executed with excellence by P&G people everywhere — a winning portfolio; superiority across product, package, communication, retail execution and value; productivity in everything we do; leading constructive disruption; and a more agile, accountable and empowered organization. These strategic choices are working well, and we have a long runway ahead to keep driving them. We’ll manage what is likely to be a volatile near term consistent with this strategy and against the immediate priorities of ensuring employee health and safety, maximizing availability of our products to serve cleaning, health, and hygiene needs and helping society overcome the COVID-19 challenges that still exist in many parts of the world.

I believe we’re well-positioned to grow through and beyond the pandemic, led by a team of committed, dedicated people who want to win with consumers, for our shareowners and stakeholders, and for each other. I look forward to supporting Jon, P&G’s lead team and P&G people everywhere as they continue to raise the bar on winning to deliver sustained excellence.

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Davis S. Taylor

DAVID S. TAYLOR

Chairman of the Board, President
and Chief Executive Officer

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.