Jorge P. Montoya

Jorge P. Montoya

JORGE P. MONTOYA
Retired President Latin America and President Global Snacks & Beverages
The Procter & Gamble Company
Current Member of the Board of Directors of Gap, Inc. and The Kroger Co.

RESIDENCE: Caracas, Venezuela

DATE OF BIRTH: July 7, 1946 PLACE: Arequipa, Peru

EDUCATION: University of California-Berkeley: B.S. Mech. Eng. 1969; M.B.A., 1971

P&G CAREER (1971 – 2004):
1971 - Joined P&G Peru - Brand Assistant, Marketing Department
1974 - Brand Manager, Peru
1977 - Brand Manager, Food Products Division, Cincinnati
1979 - Country Manager, Peru
1980 - General Manager, P&G Spain
1985 - Division Manager-Latin America
1987 - Vice President-Latin America
1991 - Group Vice President, The P&G Company, and
  President-Latin America,
1995 - Executive Vice President, The P&G Company, and
  President-Latin America
1999 – 2004 - President - Latin America and
  President - Global Snacks & Beverages, The P&G Company

P&G Latin America is a division of the P&G Company.
In 1987, Mr. Montoya initiated and led the relocation of the P&G Latin America hedquarters from Cincinnati, Ohio, to Caracas, Venezuela. That event marked the beginning of a significant expansion of the P&G business in Latin America.
From essentially a small 3-category, 4-country operation, with $400 million sales in 1985, P&G’s business grew during the following 15 years to $3.5 billion annual sales, subsidiaries in 12 countries, business presence in all 23 countries and 12 consumer goods categories.
The growth came from grassroots organic development of P&G categories as well as 14 regional acquisitions of family-owned businesses, which served as base to introduce P&G own brands.
Profits increased 20-fold from 1985 to 2004.
The Latin America organization developed into a full-fledged, self-sufficient operation, all developed from university entry level (as per P&G’s promotion-from-within policy).
From an organization fully dependent on ex-patriate General Managers in 1985, Latin America moved to 100% Latin management in 1995 and to export talent beginning in 1999. Today, over 300 Latins work outside the region in important executive positions in North America, Europe and Asia.
P&G’s Global Snacks and Beverages is a $3.5 billion business, including billion-dollar brands Folgers, the # 1 coffee in North America, and Pringles snack chips.
Following a major organization structure change of the P&G Company in 1999, Mr. Montoya was placed in charge of P&G’s Global Snacks & Beverages business, in addition to his then current responsibilities for all of P&G’s business in Latin America.
During Mr. Montoya’s tenure in charge of S&B (1999-2004), the sector underwent a major redirection to a) significantly improve the profit/margin contribution of S&B to the Company; b) consolidate the globalization of Pringles’ snack business; and c) focus the business towards strategic billion-dollar brands, divesting non-strategic businesses (including Crisco oil/shortening, Jif peanut butter and Sunny Delight juice drinks).
On apples-to-apples comparison, the Snacks and Beverages business grew an average 5% sales, 10% profits and 13% TSR per year from 1999 to 2004.

OTHER ACTIVITIES / MEMBERSHIPS:
Board of Directors: Gap Inc. (2004 – Present)
Board of Directors: The Kroger Company (March 2007 - Present)
Board of Directors: Rohm & Haas Company (1996 – 2007)
Advisory Board Member -- Haas School of Business - University of California, Berkeley (1996 – 2005)
Advisory Board Member -- Council of the Americas
Executive Committee: Youth Orchestra of the Americas (Washington D.C.)
Member - Group of Fifty -- Latin America. Sponsored by Carnegie Endowment, Washington D.C.
Member – Inter-American Dialogue, Washington D.C.
Member - Venezuelan-American Chamber of Commerce & Industry
Member - National Society of Hispanic MBA’s (USA)

DISTINCTIONS AND DECORATIONS:
First Latin American ever to manage the LA region for P&G
First Latin American to have been appointed Corporate VP, President and Executive VP in the P&G company
First and only Latin American to have been among the top 5 Corporate Officers of P&G. At time of retirement JPM was the second highest ranked officer of P&G globally, after the CEO
Order Merit to Work, First Class, Republic of Venezuela, 1996
Order Francisco de Miranda, Republic of Venezuela, First Class 1997
Order Diego de Losada, Republic of Venezuela, First Class 1999
Commencement Speaker -- Haas School of Business - UC Berkeley, June 1995
Special Award: Hispanics Serving on Fortune 500 Boards - Hispanic Association of Corporate Responsibility (HACR), 2002
Special Award: Elected among 50 Most Important Hispanics in Business & Technology in USA, by Hispanic Engineer & Information Technology Magazine, May 2003