Summary
Colgate-Palmolive Company (CL) filed an 8-K on October 16, 2014, to announce significant changes within its executive leadership, specifically concerning its legal department. Effective November 3, 2014, Jennifer Daniels is set to assume the role of Chief Legal Officer and Secretary, succeeding Andrew Hendry. This transition is a strategic move to ensure continuity and prepare for Mr. Hendry's planned retirement in 2015, after a distinguished 24-year tenure as the company's chief legal counsel.
Key Highlights
- 1Jennifer Daniels appointed as Chief Legal Officer and Secretary, effective November 3, 2014.
- 2Andrew Hendry transitioning from Chief Legal Officer and Secretary to Vice Chairman to facilitate a smooth handover.
- 3Andrew Hendry plans to retire in 2015, concluding a nearly 24-year leadership role in the company's legal department.
- 4The appointments are subject to Board confirmation, indicating a formal approval process.
- 5This filing signals proactive succession planning within a critical executive function at Colgate-Palmolive.
Frequently Asked Questions
Jennifer Daniels will assume the role of Chief Legal Officer and Secretary, effective November 3, 2014. She previously served as Senior Vice President, General Counsel, and Secretary of NCR Corporation.
Andrew Hendry is transitioning from his role as Chief Legal Officer and Secretary to Vice Chairman. This move is designed to ensure an orderly transition of responsibilities to Jennifer Daniels. He plans to retire in 2015 after a long tenure of nearly 24 years.
The changes are set to take effect starting November 3, 2014, with the transition of responsibilities commencing prior to that date. Mr. Hendry's retirement is planned for sometime in 2015.
These changes are part of a planned succession strategy to prepare for Andrew Hendry's retirement in 2015. The appointment of Jennifer Daniels and the transition of Mr. Hendry to Vice Chairman are intended to ensure a seamless handover of the Chief Legal Officer and Secretary duties.