Noel Wallace

Chairman, President, and CEO at COLGATE PALMOLIVE

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

GOM

Gregory O. Malcolm

Executive Vice President and Controller

JMD

Jennifer M. Daniels

Chief Legal Officer and Secretary

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

Organization	Role	Date Range	Details
Colgate-Palmolive	President and Chief Operating Officer	2018 - 2019	Held responsibility for all operating units worldwide
Colgate-Palmolive	Chief Operating Officer, Global Innovation & Growth and Hill’s Pet Nutrition	2016 - 2018	Preceded subsequent promotion; managed global innovation, growth initiatives, and pet nutrition
Colgate-Palmolive	President, Colgate Latin America	2013 - 2016	Managed operations across Latin America
Colgate-Palmolive	President, Colgate North America and Global Sustainability	2010 - 2013	Oversaw North America business and sustainability initiatives

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,475,000	Annually	Fixed annual salary
Company Contributions to Savings & Investment 401(k) Plan	$39,600	Annually	Company contribution for retirement savings
Company Allocations to Supplemental Savings & Investment Plan	$782,340	Annually	Company allocation toward supplemental savings
Value of Company-Paid Life Insurance Premiums	$2,856	Annually	Premiums paid by the company for life insurance
Perquisites and Other Personal Benefits	$105,066	Annually	Includes incremental cost of personal use of a car and driver

Performance Compensation

Data from FY 2023

Annual Incentives

Metric	Details
Base Business EPS	Target range: $3.02–$3.07, Actual: $3.23, resulting in 180% of the assigned award opportunities
Organic Sales Growth	Target: 5.8%, Actual: 8.4%
Strategic Initiatives	Evaluated on enterprise-wide innovation, digital transformation, DE&I, and sustainability; payout at 140% of target
Weighting	Financial Measures: 80% (EPS and Organic Sales Growth), Strategic Initiatives: 20%
Award Opportunity	175% of base salary with a maximum of 350%
Adjustments	Adjusted for restructuring, litigation, tax matters, acquisition-related costs, and other non-recurring items
Payment	Annual cash bonus paid in early 2024
Ethics & Compliance Condition	Subject 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)

Metric	Details
Grant Date	March 9, 2023
Target Number of PBRSUs	71,839
Threshold Number of PBRSUs	7,184 (10% of target)
Maximum Number of PBRSUs	143,678 (200% of target)
Grant Date Fair Value	$4,813,931
Performance Measures	Average Organic Sales Growth (50%), Average Base Business Net Income Growth (30%), Average Free Cash Flow Productivity (20%)
TSR Modifier	Up to ±25% adjustment based on Total Shareholder Return relative to the Comparison Group
Vesting Schedule	Vests at the end of the 2023–2025 performance period upon certification by the P&O Committee

Stock Options

Metric	Details
Grant Date	September 13, 2023
Number of Options Granted	206,515
Exercise Price	$72.83 per share
Grant Date Fair Value	$3,075,008
Vesting Schedule	Vests in equal annual installments over three years
Expiration Date	September 13, 2031