Colgate-Palmolive said its board on February 15, 2024 elected Brian Newman, Executive Vice President and Chief Financial Officer of United Parcel Service, Inc., as a director, effective March 15, 2024.

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   Colgate-Palmolive said its board on February 15, 2024 elected Brian Newman, Executive Vice President and Chief Financial Officer of United Parcel Service, Inc., as a director, effective March 15, 2024.

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   The company said Newman spent 26 years at PepsiCo, Inc. before joining UPS in 2019, holding finance leadership roles across Europe, Asia, and North and South America. He also served as Executive Vice President of Global Operations and as Chief Strategy Officer at PepsiCo.

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   Colgate-Palmolive said Newman will receive compensation as a non-employee director under the director compensation program described in the proxy statement filed with the SEC on March 29, 2023.

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   Under its mandatory director retirement policy, Colgate-Palmolive said Stephen I. Sadove, age 72, will retire as a director at the end of his current term and will not stand for reelection at the annual meeting of stockholders on May 10, 2024.

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