Former Proctor & Gamble CEO Bob McDonald tapped to lead Veterans Affairs. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) President Barack Obama has chosen former Procter & Gamble Chief Executive Bob McDonald, an Army veteran, as his nominee to be the next secretary of veterans affairs. Obama's announcement of McDonald, 61, was made on Monday. If confirmed by the Senate, McDonald would be tasked with repairing the Veterans Administration after widespread evidence of delays in military veterans getting healthcare at VA facilities. The announcement comes days after a White House review found significant and chronic failures across the board at the VA and evidence that a "corrosive culture" prevails. A senior administration official said Obama was attracted to McDonald by his corporate background and military service. He would succeed Eric Shinseki, who resigned late in May after the depth of the VA's problems became clear. McDonald is the former chairman, president and CEO of Procter & Gamble, having retired a year ago after 33 years with the Fortune 500 company, where he started as a brand assistant in 1980 and rose through the ranks. He served on the McKinsey Advisory Council, the Singapore International Advisory Council of the Economic Development Board, and on the boards of U.S. Steel and Xerox Corp. Officials believe his lengthy tenure at P&G prepares him well for a huge agency with management challenges in providing services to more 8 million veterans a year. At P&G, he oversaw more than 120,000 employees, with operations around the world, selling products in more than 180 countries.