Procter&Gamble announced it will drastically slim its portfolio of brands in August, and now CEO has sent round a memo outlining changes to its president and other senior managers. In this memo he states that the company is beginning to take shape under the new streamlined. The first change announcement is that the Group President North America Selling & Market Operations, who was strongly tipped to succeed the actual CEO, will retire at the end of June next year, after 25 years of service. She will be joined in retirement in June by Filippo Passerini, Group President Global Business Services and Jorge Uribe, Global Productivity & Organization Transformation officer. Joanne Crewes, President Global Prestige, will retire at the end of this year.