Colgate-Palmolive Company Appoints Lorrie Norrington as Lead Independent Director of the Board
January 03 2023 - 4:30PM
Business Wire
Colgate-Palmolive Company (NYSE: CL) today announced that its
Board of Directors has appointed Lorrie Norrington as Lead
Independent Director, effective March 1, 2023. Ms. Norrington will
succeed Stephen I. Sadove, the Company’s current Lead Independent
Director. Mr. Sadove will remain on the Audit and Personnel and
Organization Committees of the Colgate Board of Directors.
Ms. Norrington joined the Company’s Board in September 2015 and
currently serves as Chair of the Nominating, Governance and
Corporate Responsibility Committee. She brings extensive global
corporate leadership, digital, e-commerce and ESG experience to
this role, including her experience in several senior management
roles at eBay, including President of Global eBay Marketplaces,
Chief Operating Officer of eBay Marketplaces, President of eBay
International and CEO of Shopping.com. Lorrie is currently an
Operating Partner of Lead Edge Capital LLC and previously held
senior roles at Intuit, Inc. and General Electric Company.
“We are incredibly grateful for Steve’s leadership of our Board
as Lead Independent Director, an important role that ensures robust
independent leadership on the Board. Steve has made immeasurable
contributions to our strategy, business success and governance
excellence, and I look forward to continuing to work alongside him
during this transition,” said Noel Wallace, Chairman, President and
Chief Executive Officer. “As we look ahead, Lorrie will be an
outstanding Lead Independent Director, and I am excited to partner
with her as we continue to advance our growth strategy and drive
our digital transformation. With her significant ESG expertise,
Lorrie is an excellent Chair of our Nominating, Governance and
Corporate Responsibility Committee and we look forward to
continuing to benefit from her experience and expertise in this
role as well.”
Mr. Sadove said, “It has been an honor to serve as the Lead
Independent Director of Colgate’s Board. I, alongside the remainder
of the Board, am confident Lorrie is the right choice for the
Company’s next Lead Independent Director, and I look forward to
working with her, Noel and the rest of the Board and the management
team in the Company’s next phase of growth.”
“I am honored to serve as Lead Independent Director of Colgate’s
Board of Directors and thank Steve for his leadership,” said Ms.
Norrington. “I am excited to partner with Noel, Steve and the rest
of the Board and the management team as we embark on this important
next chapter in the Colgate-Palmolive journey, focused on
continuing to capture growth opportunities across all of our
divisions and categories.”
About Colgate-Palmolive Company
Colgate-Palmolive Company is a caring, innovative growth company
reimagining a healthier future for all people, their pets and our
planet. Focused on Oral Care, Personal Care, Home Care and Pet
Nutrition, we sell our products in more than 200 countries and
territories under brands such as Colgate, Palmolive, elmex, hello,
meridol, Sorriso, Tom’s of Maine, EltaMD, Filorga, Irish Spring,
PCA SKIN, Protex, Sanex, Softsoap, Speed Stick, Ajax, Axion,
Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and
Hill’s Prescription Diet. We are recognized for our leadership and
innovation in promoting sustainability and community wellbeing,
including our achievements in decreasing plastic waste and
promoting recyclability, saving water, conserving natural resources
and improving children’s oral health through the Colgate Bright
Smiles, Bright Futures program, which has reached more than 1.4
billion children since 1991. For more information about Colgate’s
global business and how we are building a future to smile about,
visit www.colgatepalmolive.com. CL-C
Cautionary Statement on Forward-Looking Statements
This press release may contain forward-looking statements (as
that term is defined in the U.S. Private Securities Litigation
Reform Act of 1995 or by the Securities and Exchange Commission
(SEC) in its rules, regulations and releases). These statements are
made on the basis of the Company’s views and assumptions as of this
time and the Company undertakes no obligation to update these
statements whether as a result of new information, future events or
otherwise, except as required by law or by the rules and
regulations of the SEC. Moreover, the Company does not, nor does
any other person, assume responsibility for the accuracy and
completeness of these statements. The Company cautions 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. For more information about
factors that could impact the Company’s business and cause actual
results to differ materially from forward-looking statements,
investors should refer to the Company’s filings with the SEC
(including, but not limited to, the information set forth under the
captions “Risk Factors” and “Cautionary Statement on
Forward-Looking Statements” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2021 and subsequent Quarterly
Reports on Form 10-Q). Copies of these filings may be obtained upon
request from the Company’s Investor Relations Department or on the
Company’s website at www.colgatepalmolive.com.
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