Colgate Elects Steve Cahillane to Board of Directors

Rhea-AI Summary

Colgate-Palmolive Company has appointed Steve Cahillane, Chairman and CEO of Kellogg Company, to its Board of Directors, effective February 1, 2023. With extensive experience in consumer products and health industries, Cahillane aims to bolster Colgate’s growth across its divisions. Prior to Kellogg, he led The Nature’s Bounty Company and had a significant tenure at The Coca-Cola Company. Colgate’s Chairman, Noel Wallace, expressed enthusiasm for Cahillane's contributions to drive growth opportunities. Colgate operates globally, focusing on oral, personal, home care, and pet nutrition, selling products in over 200 countries.

Positive

• Steve Cahillane's appointment brings extensive experience in consumer products and health, potentially enhancing strategic decisions.
• Increased leadership diversity could lead to new growth opportunities for Colgate-Palmolive.

Negative

• Concerns may arise regarding continuity and integration of Cahillane's vision with existing company strategies.

NEW YORK--(BUSINESS WIRE)-- Colgate-Palmolive Company today announced that Steve Cahillane, Chairman of the Board, President and Chief Executive Officer of Kellogg Company, has been elected to Colgate's Board of Directors effective February 1, 2023.

Steve Cahillane, 57, brings extensive global business leadership experience and expertise in the consumer products and health and nutrition industries to Colgate’s board. Mr. Cahillane joined Kellogg Company, 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., the largest global pure-play manufacturer, marketer and specialty retailer of health and wellness products. 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.

Commenting on the new director election, Noel Wallace, Colgate’s Chairman, President and CEO, said, “We are delighted to welcome Steve to the Board and are pleased that he will contribute his outstanding experiences and capabilities as a CEO of global consumer products businesses to help Colgate continue to capture growth opportunities across all of our divisions and categories.”

* * *

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, the Company sells its 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. The Company is 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 children’s oral health through its 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 the Company is building a future to smile about, visit www.colgatepalmolive.com. CL-C

View source version on businesswire.com: https://www.businesswire.com/news/home/20230130005189/en/

John Faucher 212-310-3653

Hope Spiller 212-310-2291

Source: Colgate-Palmolive Company

FAQ

Who is Steve Cahillane and what role will he play at Colgate-Palmolive?

Steve Cahillane is the newly elected member of Colgate-Palmolive's Board of Directors, bringing extensive leadership experience from Kellogg and The Nature’s Bounty Company.

When did Steve Cahillane join Colgate-Palmolive's Board of Directors?

Steve Cahillane was elected to Colgate-Palmolive's Board of Directors effective February 1, 2023.

What experience does Steve Cahillane have that will benefit Colgate-Palmolive?

Cahillane has extensive experience in the consumer products and health industries, including leadership roles at Kellogg and The Coca-Cola Company, which could enhance Colgate's growth strategy.

What is the significance of the new director for Colgate-Palmolive (NYSE:CL)?

Cahillane's appointment signifies a strategic move to leverage his expertise in consumer products to capitalize on growth opportunities across Colgate's diverse portfolio.