Colgate Palmolive : Appoints Stanley J. Sutula as Chief Financial Officer


Colgate-Palmolive Firm (NYSE:CL) introduced in the present day the appointment of Stanley J. Sutula, presently Government Vice President and Chief Monetary Officer of Pitney Bowes Inc., to succeed Henning Jakobsen as Chief Monetary Officer, efficient November 9, 2020. To make sure a clean transition, Mr. Jakobsen will assume the function of Senior Vice President till his retirement date, December 31, 2020.

Mr. Sutula has served as Government Vice President and Chief Monetary Officer at Pitney Bowes Inc. since February 2017 and beforehand spent 28 years at IBM Company. He’s a talented and skilled govt with an in depth background in company finance, monetary planning and operations, tax, strategic planning and danger administration. Whereas at Pitney Bowes, Mr. Sutula championed using know-how and information analytics inside the finance group, which in flip, helped ship three consecutive years of constant-currency income progress. His tenure at IBM included monetary administration roles of accelerating duty, culminating in service as IBMs Vice President and Controller. At IBM, he led massive, world, company and enterprise unit groups and honed his in depth background in finance, accounting, treasury, monetary planning and evaluation, audit, danger and compliance. Mr. Sutula graduated from Northeastern College in 1988 with a Bachelor of Science diploma in Finance and Administration. He went on to obtain a Masters of Enterprise Administration in Finance from the Fordham Gabelli College of Enterprise in 1995.

Mr. Jakobsen, who has served as Colgates Chief Monetary Officer since Could 2018, was beforehand Vice President and Company Controller from October 2017 to Could 2018. He first joined Colgate in 1989 and has held key monetary positions for the Firm’s European and North American enterprise models, in addition to Basic Supervisor assignments in Africa and Europe. From 2006 to 2011 he left Colgate to change into Chief Monetary Officer of Chr. Hansen, a Denmark-based multinational bioscience group, earlier than returning in 2011.

Noel Wallace, Colgates Chairman, President and Chief Government Officer, commented, “Colgate is deeply grateful for Hennings enterprise and monetary management as CFO and all through his management profession at Colgate. Now we have benefited from his broad worldwide enterprise data and monetary acumen. We sit up for Stans management as CFO, as he brings deep technical experience from his confirmed observe report main finance and shaping enterprise technique at Pitney Bowes, and his a few years at IBM.

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About Colgate-Palmolive: Colgate-Palmolive Firm is a caring, progressive progress firm reimagining a more healthy future for all individuals, their pets and our planet. Targeted on Oral Care, Private Care, House Care and Pet Diet and reaching greater than 200 international locations and territories, Colgate groups are growing and promoting well being and hygiene merchandise and pet diet choices important to society by way of manufacturers akin to Colgate, Palmolive, elmex, meridol, Toms of Maine, hiya, Sorriso, Pace Stick, Softsoap, Irish Spring, Protex, Sanex, Filorga, eltaMD, PCA Pores and skin, Ajax, Axion, Fabuloso, Soupline and Suavitel, in addition to Hills Science Weight-reduction plan and Hills Prescription Weight-reduction plan. Colgate seeks to ship sustainable worthwhile progress and superior shareholder returns and to offer Colgate individuals with an progressive and inclusive work setting. Colgate does this by growing and promoting merchandise globally that make individualss lives more healthy and extra pleasing and by embracing its sustainability, variety, fairness and inclusion and social duty methods throughout the group. For extra details about Colgates world enterprise, its efforts to enhance the oral well being of kids by way of its Vivid Smiles, Vivid Futures program and the way the Firm is constructing a future to smile about, go to www.colgatepalmolive.com. CL-C



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