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Colgate management

This article was originally published in The Tan Sheet

Executive Summary

Chief Operating Officer Ian Cook will succeed President William Shanahan upon his retirement Sept. 30, the firm reports. Colgate announced the appointment earlier this year, signaling Cook was a likely contender to replace CEO Reuben Mark, who said in 2004 he planned to step down in two to four years ("The Tan Sheet" Feb. 9, 2004, p. 7). Cook will retain his COO title. Separately, Colgate released its second quarter results July 27. Oral care, personal care and home care sales grew 11% to $2.46 bil., and operating profit in the segment was up 4% to $527.4 mil. Net sales for the quarter grew 10.5% to $2.84 bil., but net income including restructuring charges fell 8% to $342.9 mil...
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