Posted 30 January, 2023
COLGATE PALMOLIVE CO appointed new CEO
CEO Change detected for ticker NYSE:CL in a 8-K filed on 30 January, 2023.
On January 30, 2023, the Board of Directors (the "Board") of Colgate-Palmolive Company ("Colgate") elected Steven Cahillane, Chairman of the Board, President and Chief Executive Officer of Kellogg Company ("Kellogg"), to the Colgate Board, effective February 1, 2023.
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Overview of COLGATE PALMOLIVE CO
Consumer Goods • Personal Care Products/Appliances
Colgate-Palmolive Co. engages in the manufacturing and distribution of consumer products. It operates through the Oral, Personal, and Home Care and Pet Nutrition segments. The Oral, Personal, and Home Care segment includes toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other similar items. The Pet Nutrition segment offers specialty pet nutrition products manufactured and marketed by Hill’s Pet Nutrition. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.Market Cap
$71.5B
View Company Details
$71.5B
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 30, 2023, the Board of Directors (the "Board") of Colgate-Palmolive Company ("Colgate") elected Steven Cahillane, Chairman of the Board, President and Chief Executive Officer of Kellogg Company ("Kellogg"), to the Colgate Board, effective February 1, 2023. Mr. Cahillane, 57, will bring extensive global business leadership experience and expertise in the consumer products and health and nutrition industries to Colgate's Board. Mr. Cahillane joined Kellogg, a global snacks, cereal and frozen foods company operating in more than 180 countries, as Chief Executive Officer in 2017 and became Chairman of the Board in 2018. Prior to joining Kellogg, from 2014 to 2017, Mr. Cahillane served as President and Chief Executive Officer of The Nature's Bounty Co. Mr. Cahillane previously spent seven years with The Coca-Cola Company culminating as Executive Vice President of The Coca-Cola Company and President of Coca-Cola Americas. Prior to that, Mr. Cahillane served as President of various Coca-Cola operating groups. Mr. Cahillane will receive compensation as a non-employee director in accordance with Colgate's director compensation program described in Colgate's proxy statement filed with the Securities and Exchange Commission on March 23, 2022. 2
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