Colgate Elects CEO Noel Wallace as Board Chairman
March 11 2020 - 4:30PM
Business Wire
Ian Cook to Retire as Planned
Martina Hund-Mejean Elected to Board of
Directors
Colgate-Palmolive Company (NYSE:CL) today announced that,
consistent with previously announced succession plans, after more
than 44 years of service to Colgate, Mr. Ian Cook will retire as
Chairman of the Board and a director of Colgate-Palmolive Company,
and that the Board of Directors has unanimously elected Mr. Noel
Wallace, currently President and Chief Executive Officer and a
member of the Board of Directors, to the additional role of
Chairman of the Board, both effective April 1, 2020.
Mr. Wallace, speaking on behalf of the Board of Directors said,
“We are extremely grateful for Ian’s outstanding leadership of
Colgate’s Board as its Chairman and of the Company as its CEO. He
has the deep gratitude of all Colgate people for his highly
effective, principled leadership and my warm thanks for his
guidance and support over our leadership transition.”
Colgate also announced that Martina Hund-Mejean, former Chief
Financial Officer of Mastercard Inc., has been elected to Colgate's
Board of Directors, effective March 11, 2020. Ms. Hund-Mejean
brings extensive financial and business leadership experience from
her 11 years as CFO of Mastercard. Prior to joining Mastercard, Ms.
Hund-Mejean served as Senior Vice President and Treasurer at Tyco
International Ltd. and at Lucent Technologies Inc., and held a
series of finance positions of increasing responsibility at General
Motors Company.
Separately, the Company announced that the Board of Directors
had accepted the resignation of Charles A. Bancroft, Executive Vice
President, Head of Integration and Strategy & Business
Development of Bristol-Myers Squibb Company, who served on
Colgate's Board of Directors since 2017. The Directors extended to
Mr. Bancroft their sincere thanks for all of his contributions.
* * *
About Colgate-Palmolive: Colgate-Palmolive is a leading global
consumer products company, focused on Oral Care, Personal Care,
Home Care and Pet Nutrition. With more than 34,000 people and its
products sold in over 200 countries and territories, Colgate is
known for household names such as Colgate, Palmolive, elmex, Tom’s
of Maine, Hello, Sorriso, Speed Stick, Lady Speed Stick, Softsoap,
Irish Spring, Protex, Sanex, Filorga, EltaMD, PCA Skin, Ajax,
Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science
Diet and Hill’s Prescription Diet. The Company is also recognized
for its leadership and innovation in promoting environmental
sustainability and community wellbeing, including its achievements
in saving water, reducing waste, promoting recyclability and
improving the oral health of children through its Bright Smiles,
Bright Futures program, which has reached more than one billion
children since 1991. For more information about Colgate’s global
business and how the Company is building a future to smile about,
visit http://www.colgatepalmolive.com. CL-C
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