News from Procter & Gamble is that Daniela Riccardi, its president for Greater China, will leave the company and will be replaced by Shannan Stevenson, the current vice president for P&G's Western Europe Laundry division.
According to P&G, Stevenson has previously worked in several departments in the company, including fabric care, health and beauty care, baby care, and feminine care, across different countries including the UK, Turkey, Russia, and Egypt.
Stevenson said Riccardi had made great contributions to the development of P&G' Greater China market. Under her leadership, P&G had become one of the largest and most successful daily commodities providers in China, which is important for the growth of P&G at present and in the future.
China is currently the second largest market for P&G, following the North American market. In 2009, the company achieved sales of CNY13.232 billion in China, with market share of 19%.