International financial manager of P&G Essay
The person responsible for international financial management at Procter and Gamble Company (P&G) is Jon R. Moeller, an MBA Master’s degree holder from Cornell University (Bloomberg, 2010). Moeller is currently the chief financial officer of P&G since the commencement of the year 2009. His career profile shows various important positions he held before finally becoming the company’s finance manager- which demonstrate his skills and extensive experience. He joined P&G in 1988 just after graduating.
Whereas there are numerous posts he held in the firm during his long-term stay, it would be important to state some of the pertinent positions to his current obligations in the company. From 2007 to 2008, he served as the company’s treasurer. Since the year 2000, he held various positions in Global beauty and Global health, in P&G, including being the vice president, vice president of finance and accounting, and manager of finance. Various approaches have been applied in the management of foreign risks in P&G.
When Bob MacDonald stood to present the company’s growth profile in February 2010, he clearly pointed out the fact that the main element of such growth is innovation. It is rational to assert the fact that at multinational level, the firm is always exposed to risks such as fluctuating interest rates as well as changes in prices of various commodities and currency exchange rates (P&G, 2008). On his part when outlining the company’s growth, Jon Moeller pointed out that their main emphasis was creation of increased value for shareholders mainly at the leadership level (CINCINNATI, 2010).
This can only be achieved through making the market value share grow in addition to increasing earnings per capital share. In addition, there is need to generate a very strong cash flow consistently. Moller indicated that to ensure increased earnings per share, they were implementing the shareholder value at leadership level. On the other hand, they would enhance innovation and execution to increase profitability of market shares. Consequently, this would create an appropriate environment for prices of goods and exchange rates in foreign currencies.
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