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Procter & Gamble Chief Technology Officer Gordon Brunner to Retire.

Board Elects Gilbert Cloyd to Succeed Brunner

CINCINNATI, May 4 /PRNewswire/ --

The Procter & Gamble Company (NYSE: PG) today announced the following executive changes:

Gordon F. Brunner, 61, chief technology officer and a member of the company's board of directors, will retire on November 1, 2000 after more than 39 years of service.

Commenting on Brunner's accomplishments, P&G Chairman and Chief Executive Durk Jager said, "Gordon Brunner has been instrumental in accelerating product innovation at P&G. During his 13 years as P&G's R&D chief, he has had a hand in every major new technology we've introduced. He has transformed a largely US-based R&D organization into a truly global innovation network, and has championed new organization approaches to transfer technologies across businesses faster.

"Gordon also has helped drive new business development," Jager continued. "One of his most important contributions is the company's corporate innovation fund, an in-house venture fund to cultivate new ideas. This fund has supported over 60 projects during the past three years, with 11 now in the market. Gordon has made an extraordinary and lasting contribution to P&G's innovative capability."

Brunner has received many awards for his contributions to research and innovation including the Earle B. Barnes Award for Leadership in Chemical Research Management from the American Chemical Society in 1999. Also, he was the guiding force behind the technical development of many superior performing consumer products that resulted in the company's recognition as one of only eight companies ever awarded the National Medal of Technology from the U.S. government.

Brunner's contributions will be recognized again on May 9 when he will receive the prestigious Industrial Research Institute Medal which honors technology leaders for outstanding accomplishments in technological innovation.

In anticipation of Brunner's retirement, G. Gilbert Cloyd, 54, has been elected chief technology officer, The Procter & Gamble Company, effective July 1, 2000. Cloyd is currently vice president-global adult incontinence and vice president-corporate research & development, Asia.

"Gil Cloyd is superbly suited to be our chief technology officer," said Jager. "He has been involved in research and product innovation throughout his 26 year career at P&G. He was a key force in establishing P&G's pharmaceuticals business, heading that business between 1990 and 1997. Most recently, he has played a key role in developing P&G's innovative capability in Asia and, particularly, in Japan. Gil brings deep passion for technology and invention which will drive further advances in P&G's innovation results."
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Publication:PR Newswire
Date:May 4, 2000
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