Colgate Elects Charles A. Bancroft to its Board of Directors
December 08 2016 - 4:30PM
Business Wire
Colgate-Palmolive Company today announced that Charles A.
Bancroft, Executive Vice President, Chief Financial Officer and
Global Business Operations of Bristol-Myers Squibb Company, has
been elected to the Company’s Board of Directors effective January
1, 2017. The Company also announced that Richard J. Kogan, a
director since 1996, will retire from the Board in May 2017 at the
end of his current term.
Mr. Bancroft, 57, will bring extensive leadership experience and
financial expertise to Colgate’s board from his long service at
Bristol-Myers Squibb. He joined Bristol-Myers Squibb in 1984 and
has since held positions of increasing responsibility within the
finance organization, including international assignments, as well
as senior leadership positions in their global pharmaceutical
business. Mr. Bancroft was appointed Chief Financial Officer in
2010 and has served in his current role since 2016. Prior to
joining Bristol-Myers Squibb, Mr. Bancroft was an auditor with
KPMG. Mr. Bancroft received his Bachelor of Science degree in
accounting from Drexel University and his Master’s degree in
Business Administration from Temple University.
Separately, Richard J. Kogan, Former President and Chief
Executive Officer of Schering-Plough Corporation, has informed the
Company that he will not stand for re-election to the Board of
Directors at Colgate’s 2017 Annual Meeting. Mr. Kogan has
contributed greatly to the Company’s success for two decades,
especially through his focus on Colgate’s personnel and
organizational matters, including executive compensation.
Commenting on the new director election, Ian Cook, Chairman,
President and CEO, said, “We are delighted to welcome Charlie and
his outstanding capabilities to our Board. Dick Kogan has our
profound thanks for his immeasurable contributions to Colgate’s
business success and governance excellence, and he will have our
best wishes when he retires from the Board in May 2017.”
* * *
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,
Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom’s of
Maine, Sanex, Ajax, Axion, Soupline, and Suavitel, as well as
Hill's Science Diet, Hill's Prescription Diet and Hill’s Ideal
Balance. For more information about Colgate's global business,
visit the Company's web site at http://www.colgatepalmolive.com. To
learn more about Colgate’s global oral health education program,
Bright Smiles, Bright Futures™, please visit
http://www.colgatebsbf.com. CL-C
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Colgate-Palmolive CompanyJohn Faucher, 212-310-3653orHope
Spiller, 212-310-2291
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