Summary
Colgate-Palmolive Company (CL) announced a change to its Board of Directors on March 11, 2021. The company has elected Kimberly A. Nelson as a new director, bringing extensive experience in the consumer goods sector and a background in sustainability and social responsibility. Ms. Nelson, who retired from General Mills in 2018, will contribute valuable leadership and industry insights to Colgate's strategic direction. Concurrently, Dr. Helene D. Gayle has informed the Board of her decision not to seek reelection at the upcoming Annual Meeting of Stockholders on May 7, 2021. Dr. Gayle will retire from the Board at the end of her current term. These changes signal an evolution in the board's composition and expertise.
Key Highlights
- 1Election of Kimberly A. Nelson to the Board of Directors.
- 2Ms. Nelson brings extensive experience from General Mills in the fast-moving consumer goods industry.
- 3Ms. Nelson's background includes a focus on sustainability and social responsibility.
- 4Dr. Helene D. Gayle will not stand for reelection and will retire at the end of her current term.
- 5The changes are effective following the company's Annual Meeting of Stockholders on May 7, 2021.
Frequently Asked Questions
Kimberly A. Nelson is a former Senior Vice President of External Relations at General Mills, Inc. She brings extensive leadership experience, in-depth knowledge of the fast-moving consumer goods industry, and a strong focus on sustainability and social responsibility to Colgate's Board of Directors.
Dr. Helene D. Gayle has advised the Board of her intention not to stand for reelection at the upcoming Annual Meeting of Stockholders on May 7, 2021, due to her desire to retire as a director at the end of her current term.
While the election of Ms. Nelson and the notification of Dr. Gayle's retirement occurred on March 11, 2021, Dr. Gayle's retirement from the Board will be effective at the Annual Meeting of Stockholders scheduled for May 7, 2021.