Trian Partners Activist Presentation Deck
Trian's Proposed Organization Structure for P&G
Lean HoldCo with 3 Independent Businesses
Beauty,
Grooming &
Health Care
Sales
$26bn
Operating Profit
$6.4bn
Procter & Gamble
(Lean holding company)
Source: Company filings.
Fabric & Home
Care
Sales
$21bn
Operating Profit
$4.2bn
Baby, Feminine
& Family Care
Sales
$18bn
Operating Profit
$3.8bn
Strategy: Run like a series of smaller
connected companies to be faster
moving, more locally adept, and more fit
to compete in today's rapidly changing
environment
Lean Holding Company
CEO oversees 3 GBU Presidents
I
Ensures best-practices cross-GBU
HoldCo controls public company functions and costs
Back-office / shared services that are agreed to by
GBU leaders
■
Three Independent GBUS
Operate like standalone public companies reporting to
1 shareholder - P&G
We envision each GBU will have regional leaders with
full and clear ownership of the P&L for their
geography including sales, marketing, manufacturing,
distribution & logistics, G&A (excl. shared services)
GBU's decision as to whether to opt-in to cross-GBU
functions such as procurement, distribution &
logistics, media buying, etc.
GBU's decision as to whether to pool resources
cross-GBU in sub-scale markets
Lean oversight at GBU level that includes global
brand management and R&D. GBU leaders to
determine degree of centralization based on category
dynamics
▪ More input from local teams on the Development side
of R&D
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