July 28 (Reuters) - Procter & Gamble ( PG ) CEO Jon

Moeller is stepping down in a surprise move, and the consumer

goods giant said he would be succeeded by operating chief

Shailesh Jejurikar, effective January 1, 2026.

Moeller, who had been at the helm since 2021, will

transition into role of executive chairman at the Tide maker,

P&G said.

Jejurikar has held roles across multiple P&G businesses,

including Health & Beauty Care and P&G Professional. Prior to

his current role, he was the head of P&G's Fabric & Home Care,

which includes brands such as Tide, Ariel and Downy.

The board also nominated Jejurikar to stand for election

as a director at the annual shareholder meeting in October 2025.

P&G, which also makes Pampers diapers and Head &

Shoulders shampooo, in April

warned

of product prices rising due to higher input costs from the

trade war at a time of weakening consumer spending.

The company is set to announce its quarterly results on

Tuesday.