Colgate-Palmolive Co. has elected Noel Wallace as President & CEO and a member of the company’s Board of Directors, effective April 2. He replaces Ian Cook as CEO, who will retain his role as Executive Chairman for at most 12 months, also effective on April 2. Wallace formerly served as President & COO.
“It’s very gratifying to see the Board’s succession planning process, which began more than two years ago, come to fruition with the happy result of Noel’s election as President and CEO, and as a member of the Board,” said Stephen Sadove, Lead Director of Colgate’s Board of Directors. “Noel brings exceptional experience and integrity to the job of leading Colgate, together with a sharp focus on accelerating growth. We’re extremely grateful for Ian’s strong leadership as CEO and we are pleased that he has agreed, at the Board’s request, to provide transition guidance to Noel as Executive Chairman.”
“With our innovation and growth strategy generating renewed momentum and a highly energized team of Colgate leaders around the world, I am extremely excited about our future. I look forward to working with all Colgate people as we enter a new phase of growth, taking full advantage of our longstanding strengths and developing new ones to seize emerging opportunities,” added Wallace.