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17/10/2010

P&G execs meet with shareholders

CINCINNATI – Procter & Gamble Co. leaders are ready to update shareholders on how their strategies are working out at the world's largest consumer products maker.

P&G's annual meeting was set Tuesday for downtown Cincinnati.

The company's sales began moving up again in the past year, growing 3 percent overall to $78.9 billion, and P&G has projected more growth in its fiscal year that began July 1.

This will be the first meeting as chairman for Bob McDonald, who succeeded A.G. Lafley as CEO in 2009 and added the chairman's title last Jan. 1.

P&G shares rose 28 cents to close at $62.14 on Monday. They have traded from $39.27 to $64.58 in the last 52 weeks.

(This version corrects 52-week high to $64.58 instead of $54.58)

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