Summary
Colgate-Palmolive Company (CL) announced a significant leadership change in its finance department via an 8-K filing on May 4, 2018. The Board of Directors has appointed Mr. Henning I. Jakobsen as the new Chief Financial Officer (CFO), effective May 4, 2018. In this role, Mr. Jakobsen will also continue to serve as the Company's principal accounting officer, ensuring continuity in financial reporting. This transition sees Mr. Dennis J. Hickey, the outgoing CFO, moving to the position of Vice Chairman. Mr. Jakobsen brings extensive experience within Colgate-Palmolive, having held various financial and operational roles since joining in 1989, with a notable prior tenure as CFO of Chr. Hansen. This appointment signals a strategic move in financial leadership for the company.
Key Highlights
- 1Henning I. Jakobsen appointed as Chief Financial Officer (CFO) effective May 4, 2018.
- 2Jakobsen will also continue as the principal accounting officer.
- 3Dennis J. Hickey, the former CFO, will transition to the role of Vice Chairman.
- 4Jakobsen has a long history with Colgate-Palmolive, rejoining in 2011 after a period at Chr. Hansen.
- 5Prior to this appointment, Jakobsen served as Vice President and Corporate Controller since October 2017.
- 6The filing indicates a planned leadership succession within the company's senior finance team.