Colgate Elects Stephen I. Sadove to Board of Directors
June 07 2007 - 10:35AM
PR Newswire (US)
NEW YORK, June 7, 2007 /PRNewswire-FirstCall/ -- Colgate-Palmolive
Company (NYSE:CL) announced today that Stephen I. Sadove, Chairman
and Chief Executive Officer of Saks, Inc., has been elected to
Colgate's Board of Directors. Mr. Sadove, 55, brings extensive
business leadership experience and a strong marketing and consumer
products background to the Colgate Board. He joined the management
team of Saks as Vice Chairman in 2002 and was named Chief Operating
Officer in 2004 and CEO in 2006. A member of the Saks Board of
Directors since 1998, Mr. Sadove was elected Chairman in May. Mr.
Sadove's strong consumer products experience began in 1975 at
General Foods USA, where he held various positions of increasing
responsibility, including Executive Vice President and General
Manager of the Desserts Division. He joined Bristol-Myers Squibb
Company in 1991 as President of Clairol in the United States and
later gained additional responsibility for the consumer businesses
in Canada, Europe, the Middle East, Africa, and Latin America. In
1996, he was named President of Bristol-Myers Squibb's worldwide
beauty care business and was later named a senior vice president
with additional responsibility for Mead Johnson Nutritionals. Mr.
Sadove is a graduate of Hamilton College and holds an MBA with
distinction from Harvard Business School. * * * About
Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home
Care and Pet Nutrition. Colgate sells its products in over 200
countries and territories around the world under such
internationally recognized brand names as Colgate, Palmolive,
Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Elmex,
Tom's of Maine, Ajax, Axion, Soupline, and Suavitel, as well as
Hill's Science Diet and Hill's Prescription Diet. For more
information about Colgate's global business, visit the Company's
web site at http://www.colgate.com/. This press release may contain
forward-looking statements. Such statements may relate, for
example, to sales or volume growth, profit growth, earnings growth,
financial goals, cost-reduction plans, estimated charges and
savings associated with the 2004 Restructuring Program and new
product introductions. These statements are made on the basis of
our views and assumptions as of this time and we undertake no
obligation to update these statements. We caution investors that
any such forward-looking statements are not guarantees of future
performance and that actual events or results may differ materially
from those statements. Investors should consult the Company's
filings with the Securities and Exchange Commission (including the
information set forth under the caption "Risk Factors" in the
Company's Form 10-K for the year ended December 31, 2006) for
information about factors that could cause such differences. Copies
of these filings may be obtained upon request from the Company's
Investor Relations Department or the Company's web site at
http://www.colgate.com/. DATASOURCE: Colgate-Palmolive Company
CONTACT: Bina Thompson, +1-212-310-3072, or Hope Spiller,
+1-212-310-2291, both of Colgate-Palmolive Company Web site:
http://www.colgate.com/
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