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Procter & Gamble's Hartwig Langer to Retire in January
In the second top-level departure within two months at Procter & Gamble Co., Hartwig Langer announced his retirement Tuesday as president of P&G's Global Prestige Products Division, after building P&G into a global force in the fragrance market.
Langer, 53, will be succeeded as president by the 44-year-old Patrice Louvet, who, for the last nine months, has been vice president of strategy and growth for the division, which is based in Geneva.
Langer will step down as division president on July 1, but his retirement date is set for Jan. 1. In the interim, he will be on special assignment, P&G said, in order to provide a smooth transition, reporting to Ed Shirley, vice chairman of global beauty and grooming.
In his new position, Louvet will also report to Shirley, while remaining based in Geneva.
Langer has been with P&G for more than 28 years, virtually his entire career, and he has devoted 18 years of that time to the development of the fine fragrance category.
Langer took charge of the division in July 2004 and immediately set to work shaping a jumble of...