CINCINNATI — Jim Stengel, 53, the widely known global marketing officer of Procter & Gamble Co. here, will retire on Oct. 31 after 25 years with the company. Marc Pritchard, 48, now president, strategy, productivity and growth, will succeed Stengel as global marketing officer. The change will be effective on Aug. 1. From that time until his retirement, Stengel will work on special projects and the transition. Both report to Robert McDonald, chief operating officer. "Jim Stengel has reinvigorated P&G's marketing function and strengthened P&G's capability as one of the world's leading brand builders," said A.G. Lafley, P&G's chairman and chief executive officer. Of Pritchard, he added: “He's worked side-by-side with Jim Stengel for the past two years to strengthen P&G's brand-building capability and his deep knowledge and experience in branding, innovation and go-to-market capability will enable him to drive ongoing brand-building excellence."
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