Colgate Elects Brian Newman to Board of Directors
16 February 2024 - 8:30AM
Business Wire
Colgate-Palmolive Company (NYSE:CL) today announced that Brian
Newman, Executive Vice President and Chief Financial Officer of
United Parcel Service, Inc. (“UPS”), has been elected to Colgate's
Board of Directors effective March 15, 2024. The Company also
announced that Mr. Stephen I. Sadove will retire from the Board
effective May 10, 2024 at the end of his current term.
Brian Newman, 55, brings extensive financial and global business
leadership experience and expertise in the consumer products
industry to Colgate’s board. Mr. Newman joined UPS, a global
package delivery company and provider of supply chain management
solutions, in 2019. Prior to joining UPS, Mr. Newman spent 26 years
at PepsiCo, where he served in a variety of finance leadership
roles spanning Europe, Asia and North and South America. He also
served as Executive Vice President for PepsiCo’s Global Operations,
responsible for global operations including supply chain, global
procurement, global security, enterprise risk management and
transformation, and as PepsiCo’s Chief Strategy Officer.
In accordance with Colgate’s mandatory director retirement
policy, Stephen I. Sadove, 72, will retire as a director at the end
of his current term and will not stand for reelection to the Board
at the Annual Meeting of Stockholders to be held on May 10, 2024.
Mr. Sadove has contributed greatly to the Company’s success for
over a decade, especially through his strong leadership in his role
as Independent Lead Director, a position he held from March 2015 to
March 2023.
Commenting on the new director election, Noel Wallace, Colgate’s
Chairman, President and CEO, said, “We are delighted to welcome
Brian to the Board and are pleased that he will contribute his
outstanding capabilities to Colgate. Steve has our profound thanks
for his immeasurable contributions to Colgate’s business success
and we extend our best wishes to him for the future.”
***
Colgate-Palmolive Company is a caring, innovative growth company
that is 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 approximately 1.7
billion children and their families 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
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