Head of P

Procter & Gamble Co. said James Kilts, well known in the consumer industry for revitalizing brands and brokering strategic mergers, would step down as head of the company’s Gillette unit July 1 and then retire Oct. 1.

Kilts, who became a vice chairman of Procter & Gamble when it bought Gillette last year, will work on integrating Gillette into the company in the three months before his retirement.