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    Noel Wallace

    Chairman, President, and CEO at Colgate-Palmolive Co
    Board
    Since 2019
    Age
    60 years
    Tenure
    Joined Colgate-Palmolive in 1987 and advanced through a series of leadership roles including President for Colgate North America and Global Sustainability, President for Colgate Latin America, Chief Operating Officer for Global Innovation & Growth and Hill’s Pet Nutrition, then became President and CEO in 2019, and later Chairman in 2020.

    Also at Colgate-Palmolive Co

    GOM
    Gregory O. Malcolm
    Executive Vice President and Controller
    JMD
    Jennifer M. Daniels
    Chief Legal Officer and Secretary
    PT
    Panagiotis Tsourapas
    Group President, Europe and Developing Markets

    About

    Noel R. Wallace is 60 years old as of February 13, 2025, and has built a significant career at Colgate-Palmolive since joining the company in 1987. Over the years, he has accrued extensive experience in various leadership roles while navigating the complexities of the fast-moving consumer goods industry.

    His professional journey includes serving as President of Colgate North America and Global Sustainability from 2010 to 2013, President of Colgate Latin America from 2013 to 2016, and Chief Operating Officer in global innovation and growth functions from 2016 to 2018. In 2018, he stepped into the role of President and Chief Operating Officer, which paved the way for his appointment as President and CEO in 2019, followed by his elevation to Chairman of the Board in 2020.

    Wallace's career reflects a robust combination of operational leadership and international expertise, with a focus on sustainability, corporate governance, and financial acumen. His progressive promotions and diversified experiences underline a dedicated commitment to the strategic growth and global success of Colgate-Palmolive.

    $CL Performance Under Noel Wallace

    Past Roles

    OrganizationRoleDate RangeDetails
    Colgate-PalmolivePresident and Chief Operating Officer2018 - 2019Held responsibility for all operating units worldwide
    Colgate-PalmoliveChief Operating Officer, Global Innovation & Growth and Hill’s Pet Nutrition2016 - 2018Preceded subsequent promotion; managed global innovation, growth initiatives, and pet nutrition
    Colgate-PalmolivePresident, Colgate Latin America2013 - 2016Managed operations across Latin America
    Colgate-PalmolivePresident, Colgate North America and Global Sustainability2010 - 2013Oversaw North America business and sustainability initiatives

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary $1,475,000AnnuallyFixed annual salary
    Company Contributions to Savings & Investment 401(k) Plan $39,600AnnuallyCompany contribution for retirement savings
    Company Allocations to Supplemental Savings & Investment Plan $782,340AnnuallyCompany allocation toward supplemental savings
    Value of Company-Paid Life Insurance Premiums $2,856AnnuallyPremiums paid by the company for life insurance
    Perquisites and Other Personal Benefits $105,066AnnuallyIncludes incremental cost of personal use of a car and driver

    Performance Compensation

    Data from  FY 2023

    Annual Incentives

    MetricDetails
    Base Business EPSTarget range: $3.02–$3.07, Actual: $3.23, resulting in 180% of the assigned award opportunities
    Organic Sales GrowthTarget: 5.8%, Actual: 8.4%
    Strategic InitiativesEvaluated on enterprise-wide innovation, digital transformation, DE&I, and sustainability; payout at 140% of target
    WeightingFinancial Measures: 80% (EPS and Organic Sales Growth), Strategic Initiatives: 20%
    Award Opportunity175% of base salary with a maximum of 350%
    AdjustmentsAdjusted for restructuring, litigation, tax matters, acquisition-related costs, and other non-recurring items
    PaymentAnnual cash bonus paid in early 2024
    Ethics & Compliance ConditionSubject to a 10% downward adjustment if key global ethics and compliance objectives are not met (objectives achieved in 2023)

    Performance-Based Restricted Stock Units (PBRSUs)

    MetricDetails
    Grant DateMarch 9, 2023
    Target Number of PBRSUs71,839
    Threshold Number of PBRSUs7,184 (10% of target)
    Maximum Number of PBRSUs143,678 (200% of target)
    Grant Date Fair Value$4,813,931
    Performance MeasuresAverage Organic Sales Growth (50%), Average Base Business Net Income Growth (30%), Average Free Cash Flow Productivity (20%)
    TSR ModifierUp to ±25% adjustment based on Total Shareholder Return relative to the Comparison Group
    Vesting ScheduleVests at the end of the 2023–2025 performance period upon certification by the P&O Committee

    Stock Options

    MetricDetails
    Grant DateSeptember 13, 2023
    Number of Options Granted206,515
    Exercise Price$72.83 per share
    Grant Date Fair Value$3,075,008
    Vesting ScheduleVests in equal annual installments over three years
    Expiration DateSeptember 13, 2031