Summary
Colgate-Palmolive Company (CL) announced a change in its principal accounting officer, effective June 30, 2022. Gregory Malcolm has been elected Vice President and Controller, taking on the role of principal accounting officer. This transition signifies an internal promotion, as Mr. Malcolm has been with the company since 1999 and has held various significant financial positions, most recently as Vice President, Assistant Controller since October 2021. Philip G. Shotts, the outgoing Controller, will continue with the company in a new role as Senior Vice President, Finance. Investors should view this as a routine leadership change within the finance department, demonstrating a commitment to internal talent development. The company's operational and financial reporting continuity is expected to remain stable with Mr. Malcolm's appointment.
Key Highlights
- 1Gregory Malcolm appointed Vice President and Controller, effective June 30, 2022.
- 2Mr. Malcolm will assume the role of the Company's principal accounting officer.
- 3Philip G. Shotts transitions from Controller to Senior Vice President, Finance, effective June 30, 2022.
- 4The appointment of Mr. Malcolm represents an internal promotion, highlighting talent development.
- 5Mr. Malcolm has a long tenure with Colgate-Palmolive, joining in 1999 and holding various financial leadership roles.
- 6Most recently, Mr. Malcolm served as Vice President, Assistant Controller since October 2021.