Colgate-Palmolive Announces Management Changes

Colgate-Palmolive Company (NYSE:CL) today announced the following:

Noel R. Wallace (53) has been promoted to President and Chief Operating
Officer, responsible for all the Company’s operating units. Mr. Wallace,
who joined Colgate in 1987, has an accomplished record leading the
Company’s business units, including its North America and Latin America
divisions and its Mexico subsidiary. He was most recently Chief
Operating Officer, Global Innovation & Growth and Hill’s Pet Nutrition.

P. Justin Skala (58) has been appointed Executive Vice President, Chief
Growth & Strategy Officer, leading all the Company’s commercial growth
functions, including Global Marketing, Customer Development, Technology
and Supply Chain, as well as the Company’s Sustainability efforts and
its recently acquired professional skin care businesses. After joining
the Company in 1982, he held a series of increasingly senior leadership
positions before successfully leading Colgate’s Asia, Latin America and
North America divisions. He was most recently Chief Operating Officer,
North America, Europe, Africa/Eurasia and Global Sustainability.

Both executives will report to Ian Cook who remains Chairman and Chief
Executive Officer. In commenting on the appointments, Mr. Cook said,
“Colgate is fortunate to have two executives of this caliber to assume
the Company’s most senior operating and strategy roles. Their
demonstrated global success and long experience make them especially
qualified to drive our strategies and results throughout the Colgate
world.”

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About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home Care
and Pet Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized brand
names as Colgate, Palmolive, Speed Stick, Lady Speed Stick, Softsoap,
Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom’s of Maine, Sanex,
Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science
Diet and Hill’s Prescription Diet. For more information about Colgate’s
global business, visit the Company’s website at http://www.colgatepalmolive.com.
To learn more about Colgate Bright Smiles, Bright Futures® oral health
education program, please visit http://www.colgatebsbf.com.
CL-C

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