Durk Jager

Last updated
Durk I. Jager
Born(1943-04-30)April 30, 1943
DiedApril 3, 2022(2022-04-03) (aged 78)
Nationality American
Education Erasmus University Rotterdam
Employer Chiquita Brands International
TitleDirector
TermDecember 2002-present
Successor A. G. Lafley (as CEO of P&G)

Durk I. Jager (born 30 April 1943 - April 3, 2022) was a Dutch and American businessman, private investor and consultant. [1] [2] [3] As of 2012, he was the director of Chiquita Brands International (since December 2002).

Contents

He was the CEO of Procter & Gamble from 1 September 1999 to 2000. He has served on the board of directors of Eastman Kodak & United Negro College Fund, on the board of governors of The Nature Conservancy, as the chairman of the Japan America Society of Greater Cincinnati, and a member of the International Council, J.P. Morgan & Co. [4]

Durk I. Jager was indicated in the Doe v. Chiquita Brands International in which he was accused of supplying the far-right wing terrorist group United Self-Defense Forces of Colombia with US$1.7 million, 3,400 AK-47 rifles and 4 million rounds of ammunition. [5]

Biography

Durk Jager is a native of Haskerland, Netherlands. He joined Procter & Gamble in 1970, after graduating from the Erasmus University Rotterdam in the same year. [4] He became a general manager of the company's Japan subsidiary in 1985, and then Vice President in 1987. In 1988, he was made responsible for the company's Far East and Asia Pacific divisions. In 1989, he was elected to the board of directors.

In 1990, Jager became the executive vice president with responsibility for the Soap, Chemicals, Health Care and Beauty Care divisions. He was given the responsibility for the company's US business in 1991. In 1995, he was named president and chief operating officer. [4]

Durk became the CEO of P&G in 1999, at a time when P&G was in the midst of a corporate restructuring exercise started in September 1998. [6] He decided to overhaul the product development, testing and launch processes. He believed that there was a need to change the P&G employees who had been used to lifetime employment and a conservative management style. He led an ambitious six-year restructuring effort called "Organization 2005", which intended to boost sales and profits via introduction of new products as well as elimination of unnecessary jobs. However, the $1.9 billion effort cut into P&G profits, and Jager resigned abruptly in 2000. [7]

Positions held

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References

  1. ↑ Durk I. Jager. Forbes.com.
  2. ↑ Durk Jager, Nr 41 in list of most powerful Dutch managers.
  3. ↑ "In Memoriam - Durk I. Jager". Proctor & Gamble. April 13, 2022.
  4. 1 2 3 "Former president and CEO, Procter & Gamble". Archived from the original on 2010-01-07. Retrieved 2010-05-30.
  5. ↑ Chiquita Board Members: Total Identification, Jose Alvear Restrepo Lawyers' Collective , July 23, 2008
  6. ↑ ICMR. Restructuring P&G. Case #BSTR068. 2003.
  7. ↑ Profit expected to be flat compared with year ago; CEO Jager resigns abruptly. CNN Money. 8 June 2009.
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