The Procter & Gamble Company (P&G) proudly announces the successful outcome of its 2023 annual meeting of shareholders. At this significant event, the company welcomed a distinguished addition to its board of directors, Brett Biggs, the former executive vice president and chief financial officer of Walmart. This appointment is effective immediately.
P&G’s shareholders demonstrated their support by electing all 14 P&G director nominees, which included Brett Biggs and 13 incumbent directors. Preliminary voting results revealed robust shareholder backing for each nominee.
The P&G board comprises accomplished and experienced leaders who provide invaluable guidance and oversight, drawing from their diverse personal and professional backgrounds. The elected directors reflect diversity in gender, race, and ethnicity, and offer a blend of tenure, age, and industry expertise.
Brett Biggs, the latest addition to P&G’s board, served as the executive vice president and chief financial officer of Walmart from 2016 until 2022. His appointment adds valuable insights gained from his extensive experience with a major multinational retailer and expertise in public company financial matters. This includes acumen in accounting, financial reporting, tax, treasury, and capital strategy.
Jon Moeller, P&G’s chairman of the board, president, and chief executive officer, expressed his enthusiasm, stating that Biggs’ experience will provide critical perspective on challenges and opportunities facing multinational companies, along with vital digital and corporate governance insights.
Brett Biggs’ career includes his role as the chief financial officer of Walmart International from 2014 to 2016 and of Walmart US from 2012 to 2014. He also held the position of senior vice president of operations for Sam’s Club from 2010 to 2012.
Additionally, company shareholders overwhelmingly supported three crucial board proposals: ratifying the appointment of P&G’s independent registered public accounting firm, an advisory vote on executive compensation, and an advisory vote on the frequency of future executive compensation votes. However, three shareholder proposals requesting a civil rights audit, an annual report on operations in China, and a requirement for shareholder approval for specific future amendments to company regulations did not secure majority support.
