WASHINGTON— A onetime Army Ranger and former CEO of a Fortune 500 consumer products company, Robert McDonald may face his toughest challenge yet in fixing the huge, scandal-plagued Veterans Affairs Department. "Procter& Gamble is going to feel like a Ferrari compared to the VA," said Paul Rieckhoff, CEO of Iraq and Afghanistan Veterans of America.
WASHINGTON— President Barack Obama sought to turn the page Monday on a humiliating chapter in the history of the Veterans Affairs Department, tapping former Procter& Gamble CEO Robert McDonald to take over the sprawling agency.
BORN: June 20, 1953, Gary, Indiana. EXPERIENCE: Served as U.S. Army Captain from 1975-80; joined Procter& Gamble in 1980; served as CEO, president and chairman of the board from 2009-13.. EDUCATION: Bachelor of Science in engineering from U.S. Military Academy, 1975; Master of Business Administration, University of Utah, 1978..
WASHINGTON— President Barack Obama plans to nominate former Proctor& Gamble executive Robert McDonald as the next Veterans Affairs secretary, as the White House seeks to shore up an agency beset by treatment delays and struggling to deal with an influx of new veterans returning from wars in Iraq and Afghanistan.
NEW YORK, Oct 1- Hedge fund manager William Ackman is blaming Procter& Gamble's top management for the consumer products company's problems, but said he understands the board wants to give the CEO more time to repair years of damage.
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