Summary
Colgate-Palmolive Company (CL) has filed an 8-K reporting the upcoming retirement of Mr. P. Justin Skala, its Executive Vice President, Chief Growth & Strategy Officer. Mr. Skala's retirement will be effective August 1, 2019. He plans to take on a leadership role at another organization outside of Colgate-Palmolive. This departure represents a change in a key executive position within the company. Investors will want to monitor how Colgate-Palmolive plans to reassign Mr. Skala's responsibilities, particularly his role in driving growth and strategy, and whether a successor will be appointed or if his duties will be absorbed by the existing executive team. The effective date provides a short transition period.
Key Highlights
- 1Executive VP, Chief Growth & Strategy Officer P. Justin Skala to retire.
- 2Retirement effective August 1, 2019.
- 3Mr. Skala will assume a leadership role outside of Colgate-Palmolive.
- 4Departure from a significant strategic and growth-oriented executive position.
- 5Filing made on June 24, 2019, with an event date of June 17, 2019.