Clorox EVP - COO Larry Peiros to Retire

Tue Oct 30, 2012 8:30am EDT

* Reuters is not responsible for the content in this press release.

  OAKLAND, CA, Oct 30 (Marketwire) -- 
The Clorox Company (NYSE: CLX) today announced the following changes:

    Executive Vice President - Chief Operating Officer (COO) Lawrence S.
"Larry" Peiros, 57, has announced his retirement from the company
effective April 1, 2013. Peiros, who joined Clorox in 1980 as a summer
intern, was appointed a member of the company's executive committee in
1999 and to the COO role in 2007. In addition to his current role having
overall responsibility for the company's businesses, he also oversees the
Marketing, Sales, Research & Development and Product Supply functions as
well as Clorox's Eco Office.

    "Larry's influence and leadership have been profound," said Chairman and
CEO Don Knauss. "He strongly led our businesses and core functions,
helping to grow sales and market share over a multiyear period.
Throughout his 32 years, Larry has been selfless in driving the success
of the business and the organization. We are indebted to him for his many
contributions and wish him the very best."

    "Few have been so fortunate to work with such a great company and such a
great group of people for so many years. It has been a great ride!"
Peiros said. "I will always bleed 'Clorox blue,' but this is the right
time for me to pass the baton to a new group of terrific Clorox leaders."

    Effective Jan. 1, 2013, the company will move to a structure with two
chief operating officers and the following leaders have been named to new
positions, accordingly.

    Benno Dorer, 48, currently senior vice president - Cleaning division &
Canada, will be promoted to executive vice president & chief operating
officer - Cleaning, International and Corporate Strategy. As such, Dorer
will have responsibility for the Laundry, Home Care and International
business units as well as take on responsibility for corporate strategy
and growth.

    George Roeth, 51, currently senior vice president - Specialty division,
will be promoted to executive vice president & chief operating officer -
Household and Lifestyle. Roeth will have responsibility for the Charcoal,
Glad, Litter, Food, Brita and Burt's Bees business units. He will also
have responsibility for the company's core functions: Marketing, Sales,
Product Supply and Research & Development.

    Commenting on these promotions, Knauss said, "The board and executive
management team's robust succession planning has enabled us to appoint
strong leaders to these roles, and will enable a smooth transition while
maintaining the strong governance structure of the company.

    "In his nearly eight years at Clorox, Benno has led a number of Clorox
businesses and has had a strong impact on several corporate initiatives
and capabilities. He helped create the Glad Joint Venture with Procter &
Gamble and led the Glad business to significant increases in revenue,
profit and market share through strategic focus, a shift toward premium
products and cost savings. He has led the Home Care business to sustained
economic profit growth and record-high market shares over multiple years
through strategic reorientation, disciplined portfolio management and
effective supply chain transformation. Prior to Clorox, he spent 14 years
with P&G, where he held marketing positions across a broad range of
businesses worldwide.

    "During his 25 years of service, George has led the company's global
Marketing functions, the Growth & Strategy office in addition to his past
eight years successfully leading several of our businesses. With his
marketing and general management roles, he has worked on nearly every
business across the company. As general manager of the Specialty
division, George has led sustained and rapid share growth of the Hidden
Valley(R) and Kingsford(R) franchises through disciplined strategies and
integrated demand-building capabilities. He worked in partnership with
Product Supply and R&D to modernize the Glad manufacturing platform to
lower costs and accelerate innovation while delivering improved sales and
profit growth."

    Photos of and additional biographical information on these Clorox leaders
are available at http://investors.thecloroxcompany.com/bios.cfm

    The Clorox Company
 The Clorox Company is a leading manufacturer and
marketer of consumer and professional products with approximately 8,400
employees and fiscal year 2012 revenues of $5.5 billion. Clorox markets
some of the most trusted and recognized brand names, including its
namesake bleach and cleaning products, Clorox Healthcare(TM),
HealthLink(R), Aplicare(R) and Dispatch(R) products, Green Works(R)
naturally derived home care products, Pine-Sol(R) cleaners, Poett(R) home
care products, Fresh Step(R) cat litter, Glad(R) bags, wraps and
containers, Kingsford(R) charcoal, Hidden Valley(R) and KC Masterpiece(R)
dressings and sauces, Brita(R) water-filtration products, and Burt's
Bees(R) and gud(R) natural personal care products. Nearly 90 percent of
the company's brands hold the No. 1 or No. 2 market share positions in
their categories. The company's products are manufactured in more than
two dozen countries and marketed in more than 100 countries. Clorox is
committed to making a positive difference in the communities where its
employees work and live. Founded in 1980, The Clorox Company Foundation
has awarded cash grants totaling more than $87 million to nonprofit
organizations, schools and colleges. In fiscal year 2012 alone, the
foundation awarded $3.5 million in cash grants, and Clorox made product
donations valued at $15 million. For more information about Clorox, visit
TheCloroxCompany.com.

    

Media Relations:
Kathryn Caulfield
(510) 271-7209
kathryn.caulfield@clorox.com
Aileen Zerrudo 
(510) 271-3075
aileen.zerrudo@clorox.com

Investor Relations:
Steve Austenfeld 
(510) 271-2270
steve.austenfeld@clorox.com
Lisah Burhan 
(510) 271-3269
lisah.burhan@clorox.com 

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