Follow us

P&G President Markus Strobel to retire

Sophie Smith
13 March 2024

Markus Strobel, the current President of Skin & Personal Care at Procter & Gamble (P&G), will retire after more than 33 years at the company.

Strobel first joined P&G in 1991 in home care and quickly transitioned to its beauty and grooming segments, where he has since established brands across fine fragrance, haircare, grooming and skincare in a number of senior roles.

Following the turn-around of luxury skincare brand SK-II from a multi-year decline to sustained growth, he was appointed to his current position in 2017.

Under his leadership, the global skin and personal care business has "significantly accelerated to achieve disproportionate growth," P&G said.

"Markus has been a powerfully effective leader of our skin and personal care businesses over the last six years, in addition to his previous contributions to brands like SK-II, Braun and Pantene," CEO Alex Keith told WWD.

"His impact on our global skin and personal care businesses is unique, resulting in consistent, strong growth across Olay, Old Spice, Secret and more."

The news comes as P&G Beauty appoints Sue Kyung Lee, the current CEO of SK-II, as Global President of Skin Care from 1 July 2024.

Similar to Strobel, Lee has served in a number of roles at P&G since joining the company in 1994. She also previously worked as Vice President of Greater China across skin and personal care, as well as General Manager for Korea.

The news comes after P&G saw beauty sales rise 1% in the second quarter ending 31 December 2023. Total group sales increased by 3% to $21.4 billion.

Free NewsletterVISIT