You are using an older browser version. Please use a supported version for the best MSN experience.

Colgate-Palmolive names Noel Wallace as new CEO

Reuters logo Reuters 2/11/2019
​Colgate-Palmolive Co. Colgate brand toothpaste sits on display for sale in a supermarket in Princeton, Illinois on Wednesday, July 30, 2014.© Daniel Acker/Bloomberg/Getty Images ​Colgate-Palmolive Co. Colgate brand toothpaste sits on display for sale in a supermarket in Princeton, Illinois on Wednesday, July 30, 2014.

Feb 11 (Reuters) - Colgate-Palmolive Co said on Monday it has named Noel Wallace as its chief executive officer, replacing Ian Cook who has led the company since 2007.

Wallace will take over on April 2 and Cook will serve as an executive chairman for a period of up to 12 months to oversee the transition, the company said.

Colgate's incoming CEO has been with the company since 1987 and held several positions, most recently as its chief operating officer.

Wallace's appointment comes at a time the company has been struggling to boost profit amidst increasing costs of raw material and a stronger U.S. dollar.

(Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)

AdChoices
AdChoices

More From Reuters

image beaconimage beaconimage beacon