CINCINNATI — The Procter & Gamble Co. board, which met here yesterday, was expected to approve a succession plan naming Robert McDonald, P&G’s chief operating officer and a 29-year P&G veteran, to succeed A.G. Lafley as chief executive officer, according to numerous media reports. A P&G spokesman declined to comment on the reports. Speculation on Lafley’s retirement has been brewing especially with the announcement in March of Susan Arnold’s retirement. Arnold, president of ...

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