01 Procter & Gamble Announces Leadership Change
Recently, Procter & Gamble announced a sudden leadership change: Chief Operating Officer Shailesh Jejurikar will succeed Jon Moeller as CEO on January 1, 2026. At that time, Jon Moeller will become P&G's Executive Chairman, providing advice and guidance to the new CEO on company matters. Shailesh Jejurikar has been nominated by the board of directors to run for directorship at the shareholders' meeting in October this year. Public information shows that Jon Moeller, a senior P&G executive, has served as CEO since the end of 2021, for a period of only four years; he previously served as CFO for a long time. P&G Chief Communications Officer Damon Jones stated that the change is part of the board's planned orderly transition to maintain company stability.
02 Satellite Chemical: Many of the company's products are used in the infant and toddler product industry chain
Satellite Chemical (002648) responded to investor concerns on its investor relations platform on July 31. An investor question: The Chinese government is vigorously promoting childbirth subsidies, which is beneficial to the infant and toddler product industry chain. Could the board secretary please explain the company's production layout for raw materials for related products? Will performance be indirectly affected?
Satellite Chemical's response: Dear investor, hello! Thank you for your question. The company offers a variety of products used in the infant and toddler industry chain, including super absorbent polymer (SAP), polyethylene, polypropylene, and hot-melt adhesives. Super absorbent polymer (SAP) is a core raw material for diapers. When diapers first entered the Chinese market, the high prices of imported brands made them prohibitive for many ordinary families. Adhering to its commitment to "making diapers accessible to Chinese children," Satellite Chemical built and successfully commissioned China's first SAP production line in 2013, achieving domestic substitution. In recent years, the company's SAP products have been continuously upgraded and have successfully entered the supply chain of major international brands. While helping Chinese diaper brands grow, the company has also expanded into the international market with its high-quality products. In the polymer emulsion field, the company successfully developed China's first formaldehyde-free reducing agent and has developed several zero-formaldehyde emulsion products for use in baby products and interior decoration, providing a safer environment for infants and toddlers. The company's polyolefin products are also used in baby products such as bottles, tableware, toys, and storage boxes. Besides the infant market, the adult diaper market is growing rapidly. Thank you!
03 Ontex's Revenue Declines in the First Half of the Year
Ontex's latest financial report recently showed that revenue in the first half of 2025 fell 4% year-on-year to €880 million, with sales volume also declining 3%. Weak performance in baby care products was the primary factor dragging down overall revenue, particularly in Europe, where this segment was impacted by inventory adjustments and supply chain disruptions. Ontex CEO Gustavo Calvo Paz stated that despite the disappointing first-half performance, the company will not deviate from its transformation strategy. "We are steadily advancing our initiatives, delivering results step by step. Our product portfolio adjustments and balance sheet optimization are largely complete, and our strengthened innovation pipeline will continue to drive momentum," he said.