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CEO of Procter & Gamble International in Israel

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Thursday, August 23rd, 2012

 

Minister of Finance Dr. Yuval Steinitz met today  in his office in Jerusalem with Bob McDonald, Chairman and CEO of Procter & Gamble International. The meeting took place as part of a visit by a delegation of industrialists from the US, with the assistance of Bnei Brith International. Participants in the meeting also included Gary Cohen, VP of Becton, Dickinson and Company and Thomas Zenty, CEO of University Hospitals.

Procter & Gamble is the world’s largest consumer goods company, whose revenues are estimated at approximately USD 84 billion. The company employs a staff of approximately 140,000. The company maintains a marketing branch in Israel and, five years ago, it opened a research and development center in Israel for innovation in the area of consumption. The center operates in cooperation with Israeli companies and derives know-how and technologies from them in order to upgrade the company’s products.

During the meeting the Minister of Finance presented an overview of Israel’s economy to the delegation. McDonald, Chairman and CEO of Procter & Gamble, praised Israeli entrepreneurship and innovativeness, described their contribution to the development and upgrading of Procter & Gamble and expressed willingness to consider expanding the company’s activity in Israel.

Gary Cohen, VP of Becton, Dickinson and Company – a company with revenues amounting to approximately USD 7 billion – expressed an interest in the Law for the Encouragement of Capital Investments and in the possibilities of investing in outlying areas. University Hospitals CEO Thomas Zenty, who heads a company that manufactures medical devices for hospitals, also expressed an interest in Israel’s economy and in the options that it has to offer.