Exclusive: P&G eyes alumni, unit heads as candidates for CEO job

By Nadia Damouni, Olivia Oran and Phil Wahba NEW YORK (Reuters) – Procter & Gamble Co is considering current and former executives of the world's largest household products maker as it begins the search for candidates to succeed Chairman and Chief Executive A.G. Lafley, according to sources familiar with the situation. P&G veterans being considered as part of the succession planning process include Fabrizio Freda, who spent two decades at the company before becoming CEO of Estee Lauder Cos Inc ; P&G declined on Thursday to comment or to make executives available for interviews. Lafley, 66, was previously P&G's CEO from 2000 to 2009, but came out of retirement after his successor, Bob McDonald, was abruptly replaced last year amid pressure from investors who worried about its growth prospects and lagging share price.