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.