Item 3. Legal Proceedings
Item 3. Legal Proceedings.
The Company is subject, from time to time, to certain legal proceedings and claims arising out of our business, which cover a wide range of matters, including antitrust and trade regulation, product liability, advertising, contracts, environmental issues, patent and trademark matters, labor and employment matters and tax. In addition, SEC regulations require that we disclose certain environmental proceedings arising under Federal, State or local law when a governmental authority is a party and such proceeding involves potential monetary sanctions that the Company reasonably believes will exceed a certain threshold ($1 million or more).
On November 22, 2023, Procter & Gamble UK (“P&G UK”), a United Kingdom based wholly owned subsidiary of the Company, received notification from the U.K. Environment Agency of its intent to assess an unspecified civil penalty for P&G UK’s prior inadvertent failure to secure a required permit for its London-based manufacturing site under the European Union’s and United Kingdom’s Emission Trading Systems. Among other requirements, these Emissions Trading Systems require registration of the site and accounting of and payment for certain past greenhouse gas emissions. The site has been properly registered since March 2021, and P&G UK proactively notified the U.K. Environment Agency after learning of the prior issue.
There are no other relevant matters to disclose under this Item for this period. See Note 13 to our Consolidated Financial Statements for information on certain legal proceedings for which there are contingencies.
This item should be read in conjunction with the Company's Risk Factors in Part I, Item 1A for additional information.
Item 4. Mine Safety Disclosure.
Not applicable.
The Procter & Gamble Company 11
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
The names, ages and positions held by the Executive Officers of the Company on August 5, 2024, are:
Name Position Age First Elected to
Officer Position
Jon R. Moeller Chairman of the Board, President and Chief Executive Officer
60 2009 (1)
Shailesh Jejurikar Chief Operating Officer 57 2018 (2)
Andre Schulten Chief Financial Officer 53 2021 (3)
Gary A. Coombe Chief Executive Officer - Grooming 60 2014 (( )
Jennifer L. Davis Chief Executive Officer - Health Care 53 2022 (4)
Ma. Fatima D. Francisco Chief Executive Officer - Baby, Feminine and Family Care 56 2018 (5)
R. Alexandra Keith Chief Executive Officer - Beauty and Executive Sponsor for Corporate Sustainability 56 2017 (6)
Sundar Raman Chief Executive Officer - Fabric and Home Care 49 2021 (7)
Victor Aguilar Chief Research, Development and Innovation Officer 57 2020 (8)
Marc S. Pritchard Chief Brand Officer 64 2008 (( )
Balaji Purushothaman Chief Human Resources Officer 55 2023 (9)
Susan Street Whaley Chief Legal Officer and Secretary 50 2022 (10)
All the Executive Officers named above have been employed by the Company for more than the past five years.
(1) Mr. Moeller previously served as President and Chief Executive Officer (2021 - 2022), Vice Chairman, Chief Operating Officer and Chief Financial Officer (2019 - 2021), Vice Chairman and Chief Financial Officer (2017 - 2019) and as Chief Financial Officer (2009 - 2017).
(2) Mr. Jejurikar previously served as Chief Executive Officer - Fabric and Home Care (2019 - 2021) and President - Global Fabric, Home Care and P&G Professional (2018 - 2019).
(3) Mr. Schulten previously served as Senior Vice President - Baby Care, North America (2018 - 2021).
(4) Ms. Davis previously served as President - Feminine Care (2019 - 2022) and President - Global Feminine Care (2018 - 2019).
(5) Ms. Francisco previously served as Chief Executive Officer - Baby and Feminine Care (2019 - 2021) and President - Global Baby Care and Baby & Feminine Care Sector (2018 - 2019).
(6) Ms. Keith previously served as Chief Executive Officer - Beauty (2017 - 2022).
(7) Mr. Raman previously served as President - Home Care and P&G Professional (2020 - 2021), President - Fabric Care, North America and P&G Professional (2019 - 2020), and Vice President - Fabric Care, North America (2015 - 2019).
(8) Mr. Aguilar previously served as Senior Vice President - Research & Development, Corporate Function Research & Development (2020), Senior Vice President - Research & Development, Corporate Function Research & Development and Global Fabric Care (2019), and Senior Vice President - Research & Development Global Fabric Care; and Sector Leader, Research & Development Global Fabric and Home Care (2014 - 2019).
(9) Mr. Purushothaman previously served as Senior Vice President - Human Resources, Global Total Rewards, Employee and Labor Relations and Corporate Services (2020 - 2022) and as Senior Vice President - Human Resources, Beauty, Grooming, and Family Care (2015 - 2020).
(10) Ms. Whaley previously served as Senior Vice President and General Counsel - North America, Practice Groups and Sector Business Units (2019 - 2022), and Vice President and General Counsel - North America, Global Go-To-Market and Practice Groups, and Global Business Units (2016 - 2019).
12 The Procter & Gamble Company
PART II