Stengel steps down from P&G CMO role

P&G global chief marketing officer Jim Stengel (pictured) is to step down from his role, with the FMCG giant naming Marc Pritchard as his successor.Pritchard, a 26-year company veteran, is currently president for strategy, productivity and growth. Stengel brings to a close seven years as marketing chief at P&G, during which time the company expanded its online marketing efforts and won the coveted Advertiser of the Year award at the Cannes Lions 2008.