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The changes are effective July 1. Currently, the company's business units are divided into five segments: beauty; grooming; health care; fabric and home care; and baby and family care. Bernstein analyst Ali Dibadj said the new structure only goes part of the way in terms of solving accountability issues. He added there was too little focus on regions. Since the changes were in the process of being made when Lafley came aboard, "I'm surprised he didn't hold off until more time had past," Dibadj said. P&G shares ended the day down 71 cents at $76.66, closer to the high end of its 52-week range of $59.07 to $82.54.
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