Lafley is revered in the business world for reinvigorating P&G, Smith said. He attributes Lafley’s success to an intense consumer focus. “He has transformed his company into one that continually reaches out to the retailers that sell its products and to the consumers who buy them,” Smith said.
He has focused on technological innovation to improve efficiency, cut waste and speed the rate that products go to market. Lafley serves as co-chair of the Global Commerce Initiative, leading the development of programs such as data synchronization, the electronic product code and inventory management systems to reduce out-of-stocks.
Lafley serves as a distinguished leader in the business community as a member of The Business Roundtable, United Negro College Fund, Harvard Business School Board of Dean’s Advisors and, in his community, as chair of the Cincinnati Center City Development Corporation.
The William H. Albers Award was introduced in 1955 in honor of the first Board chair of the Super Market Institute, one of FMI’s predecessor organizations. Lafley is the 64th recipient of the Albers award.
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