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.

He will work on special projects after stepping down from the role on 1 August, before retiring from the company at the end of October.