8-KLeadership Changes

COLGATE PALMOLIVE CO 8-K Report, Executive Changes (Jun 10, 2005)

Filed June 10, 2005For Securities:CL

Summary

Colgate-Palmolive Company (CL) filed an 8-K on June 10, 2005, to report a significant change in its Board of Directors. The filing announced the election of Mr. Howard B. Wentz, Jr. to the Board, effective June 9, 2005. This appointment brings the total number of board members back to nine. Mr. Wentz is a former director, having served from 1982 to 2004, and will reassume his previous committee memberships on the Nominating and Corporate Governance, Finance, and Audit Committees. The addition of Mr. Wentz follows the departure of Carlos M. Gutierrez in January 2005, who resigned to take on his role as Secretary of the U.S. Department of Commerce. The Board's size had been temporarily reduced to eight members. The re-appointment of a seasoned director like Mr. Wentz signals a commitment to maintaining experienced leadership and governance oversight.

Key Highlights

  • 1Howard B. Wentz, Jr. elected to the Board of Directors on June 9, 2005.
  • 2The election of Mr. Wentz increases the Board size from eight to nine members.
  • 3Mr. Wentz is a former Colgate director, having served from 1982 to 2004.
  • 4He will rejoin the Nominating and Corporate Governance Committee.
  • 5He will rejoin the Finance Committee.
  • 6He will rejoin the Audit Committee.
  • 7The Board size was previously reduced due to Carlos M. Gutierrez's departure in January 2005.

Frequently Asked Questions

Mr. Howard B. Wentz, Jr. has been elected to the Board of Directors.

With the addition of Mr. Wentz, the Board of Directors now has nine members.

Mr. Wentz will serve on the Nominating and Corporate Governance, Finance, and Audit Committees, which are the same committees he previously served on.

The Board's size was reduced to eight members when Carlos M. Gutierrez resigned in January 2005 to become the Secretary of the United States Department of Commerce.