Lafley is revered in the business world for reinvigorating P&G, Smith said. He attributes Lafley’s success to an intense consumer focus. “He has transformed his company into one that continually reaches out to the retailers that sell its products and to the consumers who buy them,” Smith said.
He has focused on technological innovation to improve efficiency, cut waste and speed the rate that products go to market. Lafley serves as co-chair of the Global Commerce Initiative, leading the development of programs such as data synchronization, the electronic product code and inventory management systems to reduce out-of-stocks. Lafley serves as a distinguished leader in the business community as a member of The Business Roundtable, United Negro College Fund, Harvard Business School Board of Dean’s Advisors and, in his community, as chair of the Cincinnati Center City Development Corporation.
The William H. Albers Award was introduced in 1955 in honor of the first Board chair of the Super Market Institute, one of FMI’s predecessor organizations. Lafley is the 64th recipient of the Albers award.
Food Marketing Institute (FMI) conducts programs in public affairs, food safety, research, education and industry relations on behalf of its nearly 1,250 food retail and wholesale member companies in the United States and around the world. FMI’s U.S. members operate more than 25,000 retail food stores and almost 22,000 pharmacies with a combined annual sales volume of nearly $650 billion. FMI’s retail membership is composed of large multi-store chains, regional firms and independent operators. Its international membership includes 126 companies from more than 65 countries. FMI’s nearly 330 associate members include the supplier partners of its retail and wholesale members.
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