Colgate-Palmolive Research Report

Article Overview

About Company

Colgate-Palmolive Company is a US-based international consumer goods corporation with its head office situated on Park Avenue, Midtown Manhattan, NY City.

Colgate Palmolive offers specialized services to the customers related to manufacturing, supply, and delivery of health care, family, veterinary, and personal care goods.

Which industry does Colgate Palmolive belong to?

Colgate-Palmolive belongs to the consumer goods industry.

Which company is the forerunner of Colgate-Palmolive?

The following two companies were the forerunners of Colgate-Palmolive:

Palmolive
Colgate

This is before their amalgamation that took place in 1953.

When was Colgate set up?

Colgate came into existence in 1806, around two hundred sixteen years back.

Who are the originators of Colgate-Palmolive?

The following people played a key role in founding the company:

B.J. Johnson – Palmolive
William Colgate – Colgate
Robert Peet and William J. Peet (also known as Peet Brothers)

Which area does Colgate-Palmolive serve?

Colgate-Palmolive enjoys a global client base.

Colgate Palmolive Management

Noel Wallace (President, Chairman, & CEO)

Noel became the CEO and President of CP in 2019. Subsequently, the company nominated him as the Chairman the very next year. Earlier, Wallace occupied the berths of the COO and President of the company from 2018-2019. Then the FMCG behemoth entrusted him with the responsibility of handling all the functional segments of the company throughout the world.

In 1987, Wallace became a part of Colgate-Palmolive and advanced his career via a sequence of key supervisory positions across the world.

In 2010, Wallace served as President, Worldwide Sustainability and Colgate North America. In 2013, he became President of the Latin America segment of Colgate. In 2016, Noel became the Chief Operating Officer of Hill’s Pet Nutrition and Global Innovation & Growth.

Stanley J. Sutula III, CFO

Stanley Sutula became a part of the organization in 2020. Previously, he used to work for Pitney Bowes Incorporated. There he worked as the Chief Financial Officer and Executive Vice President from 2017. Sutula has wide experience in financial strategy, business finance, and functions, taxation, risk handling, and tactical scheduling.

Earlier, Stanley had a 28-year stint with IBM Corporation for financial supervisory positions of growing dependability, concluding in the role of the Controller and Vice President of IBM.

Sutula has a bachelor’s degree from Northeastern University and also has a Master of Business Administration degree from Gabelli School of Business (Fordham University) in Finance.

Patricia Verduin, CTO

In 2010, Patricia got the appointment of the Chief Technology Officer, propelling creativity throughout the channel of the R&D wing of the Global Technology Hub. Mrs. Verduin became a part of CP as VP, Global Research & Development Wing in 2007. Earlier, Patricia worked for the Grocery Manufacturers Association as VP, Scientific Affairs. From 2000-2006, Mrs. Verduin occupied the berth of VP, R&D, of ConAgra Foods.

Patricia commenced her professional life with Nabisco and spent 17 years there, functioning in various positions such as technologist and factory supervisor.

Mrs. Verduin achieved her bachelor’s degree from the University of Delaware and has a Master of Business Administration degree from Fairleigh Dickinson University. Pat also has a Ph.D. from Rutgers University in Food Science.

Sally Massey, Chief HR Officer

Mrs. Massey got the appointment for the Chief Human Resources Officer of Colgate Palmolive in 2020. She heads every facet of the Worldwide HR Planning and Potential.

Earlier, Sally led a key HR makeover, heading Learning, Worldwide Manpower and Business Growth, Skill Acquisition, Total Rewards, and HR Functions.

In 2000, Mrs. Massey became a part of Colgate Palmolive Company as an endeavour of the Global Human Resources Professional Development Program and advanced via positions of escalating accountability, boosting groups in the United States, Worldwide Marketing and Customer Growth, Supply Chain, Europe, and Latin America.

Mrs. Massey has a bachelor’s degree from Bowdoin College and also is a Master of Management alumnus from Cornell University.

What are the products of Colgate-Palmolive?

The products of the FMCG giant can be broadly categorized into the following:

Personal care goods/toiletries
Cleansing agents
Pet food

How many people work for Colgate-Palmolive?

In 2020, the company recruited 34,200 workers worldwide.

Brands under Colgate-Palmolive

Currently, Colgate sells a widely branched-out blend of merchandise in the US and other nations. Key merchandise domains incorporate personal care and family goods, health care and manufacturing provisions, foodstuffs, and games and leisure gear.

The popular brands under Colgate-Palmolive are the following:

Anthony Longlife soap
Afta Lotion
Ajax
Anbesol
Caprice (Mexico) (shampoo)
Axion
Cold Power
Cibaca – India
Colodent – Poland
Colgate
Cuddly – Australia
Crystal White Octagon
Dermassage
Darlie (SE Asia) (toothpaste)
Dynamo (cleansing agent)
Dentagard (Germany; toothpaste)
EltaMD (skincare)
Elmex (toothpaste)
Fabuloso
Fab (cleansing agent)
Fluffy – Australia
Filorga (France; toiletries)
Freska-Ra – Mexico
Fresh Start
Hacı Şakir – Turkey
Gard (shampoo)
Hill’s Pet Nutrition (pet food)
Hello Products
Irish Spring
Hurricane (Australia) (cleansing agent)
La Croix (whitener) (France)
Kolynos
Meridol (toothpaste)
Mennen
Palmolive
Murphy Oil Soap
Profiden (Spain, toothpaste)
PCA Skin
Sanex
Protex
Skin Bracer
Science Diet
Soft As Soap (Australia, soap)
Softsoap
Soupline (Belgium, France)
Softlan (softener) (Southeast Asia)
Spree (cleansing agent) (Australia)
Speed Stick
Tahiti (soap) (Switzerland, Belgium, France).
Suavitel (Mexico)
Tender Care
Teen Spirit (deodorant)
Ultra Brite
Tom’s of Maine

Corporate Governance

The present members of the BoD of Colgate-Palmolive are the following:

John P. Bilbrey
Noel Wallace
C. Martin Harris
Lisa M. Edwards
Kimberly A. Nelson
Martina Hund-Mejean
Michael B. Polk
Lorrie M. Norrington
Stephen Sadove
John T. Cahill

Employment diversity

Working Mother periodical nominated Colgate-Palmolive as one of the Hundred Best Companies for Working Mothers. The Human Rights Movement 2012 “written evaluation” on US-based commercial ventures awarded Colgate-Palmolive an A rating for its aid of multiplicity in the office.

Which earlier brands did Colgate-Palmolive cease?

Following are the brands that the company discontinued for various reasons:

Ad (cleansing agent)
Ajax Laundry Detergent (Colgate Palmolive still manufactures Ajax Cleanser)
Brisk (fluoride toothpaste)
Bambeanos
Cue (fluoride toothpaste)
Burst (cleansing agent)
Cherish (cinnamon-scented toothpaste)
Cashmere Bouquet (soap)
Cold Power (cleansing agent) (in Canada, it is marketed as Arctic Power, New Zealand and Australian stakes transferred to Henkel in 2015 May)
Colgate Entrees
Coleo (soap)
Colgate Toothpaste with Chlorophyll
Colgate Tooth Powder
Colgate Chlorophyll Tooth Powder
Fab Detergent (not manufactured by Colgate-Palmolive in the United States anymore)
Dynamo (liquid cleansing agent-not manufactured by Colgate-Palmolive in the United States anymore)
Halo Shampoo
Fab One Shot (cleansing agent)
Lustre-Creme Shampoo
Kolynos (toothpaste)
Palmolive Rapid Shave
Octagon (soap)
Soaky (bubble bath for children)
Colgate’s Peter Pan Beauty Bar with Chlorophyll
Swerl (liquid cleaner)
Super Suds (cleansing agent)
Vel (liquid dishwashing cleaner)

Who is the biggest competitor of Colgate-Palmolive?

P&G (Procter & Gamble), the biggest detergent and soap manufacturer in the world, has been the top competitor of Colgate-Palmolive for an extensive period. Procter & Gamble launched the Tide laundry detergent soon after the 2nd World War, and a multitude of customers shifted their loyalty from soaps made by Colgate to the new item.

CP lost its top spot in the toothpaste market once Procter & Gamble combined fluoride with its toothpaste. However, Colgate-Palmolive has subsequently re-taken the top sales spot.

In the commencement of television, CP wanted to vie with Procter & Gamble as a patron of soap operas. It financed various soaps wholly or partially such as The Doctors.

The Chief Executive Officer, President, and Chairman of the board of directors of CP in the 60s and 70s, George Henry Lesch, switched the company into a state-of-the-art organization with a key reshuffle.

Colgate-Palmolive Stock Performance

The common stocks of Colgate-Palmolive Company are traded on the New York Stock Exchange with the ticker symbol CL. Additionally, the stock is a component of the following indices:

Standard & Poor 500
Standard & Poor 100

On January 7, 2022, Colgate-Palmolive Company (NYSE: CL) ended trading at US $84.44 at 4:00 pm Eastern Standard Time (EST).

Stock Chart

Colgate-Palmolive financial performance/highlights

Financial Performance

Colgate-Palmolive Viewpoint

Colgate-Palmolive is a forward-looking, dedicated, and compassionate organization that is reconceiving a healthier tomorrow for all human beings and their pets in this world. It is also running a series of community campaigns throughout the world to realize its dreams and maintain sustainability.

Disclaimer: This article has been created to boost the academic knowledge of both students and professionals. This is not investment guidance and investors should not take advice from it to boost their financial prospects. Cautious decision-making would always help you supervise your personal finances better. Rash decision-making might bear a detrimental impact. Constant discussion with your investment advisor will always keep your finances well balanced.