By Colin Kellaher

 

Colgate-Palmolive Co. on Friday said it named Stanley Sutula chief financial officer, effective Nov. 9, plucking the executive from Pitney Bowes Inc.

The New York consumer-products company said Mr. Sutula succeeds Henning Jakobsen, who is retiring at the end of the year and will assume the role of senior vice president until then.

Mr. Sutula, who has been executive vice president and chief financial officer of Pitney Bowes since February 2017, has resigned effective Nov. 6, the Stamford, Conn., technology company said, adding that it has launched a search for a replacement.

Pitney Bowes said Joseph Catapano, vice president and chief accounting officer, will serve as interim chief financial officer.

Mr. Jakobsen joined Colgate in 1989 and has been chief financial officer since May 2018.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

October 30, 2020 13:12 ET (17:12 GMT)

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