THE DETAILS Procter & Gamble has announced that Brett Biggs, former EVP and CFO of Walmart, has been elected to its Board of Directors following its 2023 Annual Meeting of Shareholders. The 13 incumbent Directors also received strong shareholder support and were re-elected.

THE WHAT? The Board of Directors has declared a quarterly dividend of US$0.9407 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company.

THE WHY? Jon Moeller, P&G’s Chairman of the Board, President and Chief Executive Officer, comments, “Brett brings to P&G significant insight from his experience with a major multinational retailer and expertise related to public company financial matters, including accounting and financial reporting, tax, treasury, and capital strategy. His experience will lend critical perspective on the challenges and opportunities facing multinational companies, as well as important digital and corporate governance insights from having served as a key leader during Walmart’s transition from traditional brick and mortar to broader omnichannel retail operations.”