Procter & Gamble Co reported a better-than-expected quarterly profit and said it expected growth in organic sales in the current quarter, as its turnaround efforts begin to pay off.

BoF compiles the most important professional moves of the week.

Procter & Gamble Co., the world’s largest consumer-products maker, posted fourth-quarter profit that beat analysts’ estimates, helped by cost cuts.

Procter & Gamble Co will replace chief executive A.G. Lafley with company veteran David Taylor in a widely expected appointment that could be announced as soon as Thursday.

Henkel & Co and Coty Inc, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter & Gamble Co's beauty businesses worth up to a total of $12 billion.