Colgate Elects Noel Wallace President and Chief Executive Officer and a Member of Its Board of Directors Effective April 2, 2019

NEW YORK–(BUSINESS WIRE)–In line with the Company’s well-established long-term succession
planning process, Colgate-Palmolive Company (NYSE:CL) announced today
that, effective April 2, 2019, Noel Wallace has been elected President
and Chief Executive Officer and a member of the Company’s Board of
Directors. Ian Cook will serve as Executive Chairman, also effective on
April 2, 2019, for a period of up to twelve months in connection with
the leadership transition.

Mr. Wallace, 54, Colgate’s President and Chief Operating Officer since
July 2018, joined Colgate in 1987 and progressed through a series of
senior management roles around the world. In 2002, he became President
and General Manager of the Global Toothbrush Division. He then led
Colgate Mexico and Colgate U.S. and, in 2010, became President Colgate
North America, also leading Colgate’s Global Sustainability strategy. In
2013, he became President, Colgate Latin America and, in 2016, was named
Chief Operating Officer, Global Innovation & Growth and Hill’s Pet
Nutrition.

Mr. Cook, 66, has served as Colgate’s Chairman and Chief Executive
Officer since July 2018 after serving as Chairman, President and Chief
Executive Officer from January 2009 to July 2018. He was first appointed
Chief Executive Officer and a member of the Board of Directors in July
2007.

Ian Cook, Colgate’s current Chairman and Chief Executive Officer said,
“Noel is a truly outstanding leader who is extremely well-prepared to
lead Colgate after a highly successful 32-year career guiding Colgate
businesses all around the world. Over the last decade, his senior
leadership roles have demonstrated his expertise in formulating and
executing global strategy and in guiding operational performance. He is
exactly the right leader to take the reins as Colgate’s CEO now. He and
the Company’s next generation of leaders have my complete confidence.”

Stephen Sadove, the Lead Director of Colgate’s Board of Directors said,
“It’s very gratifying to see the Board’s succession planning process,
which began more than two years ago, come to fruition with the happy
result of Noel’s election as President and CEO, and as a member of the
Board. Noel brings exceptional experience and integrity to the job of
leading Colgate, together with a sharp focus on accelerating growth.
We’re extremely grateful for Ian’s strong leadership as CEO and we are
pleased that he has agreed, at the Board’s request, to provide
transition guidance to Noel as Executive Chairman.”

Noel Wallace, President and CEO-elect said, “With our innovation and
growth strategy generating renewed momentum and a highly energized team
of Colgate leaders around the world, I am extremely excited about our
future. I look forward to working with all Colgate people as we enter a
new phase of growth, taking full advantage of our longstanding strengths
and developing new ones to seize emerging opportunities.”

* * *

About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home Care
and Pet Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized brand
names as Colgate, Palmolive, elmex, Tom’s of Maine, Sorriso, Speed
Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Elta MD,
PCA Skin, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as
Hill’s Science Diet and Hill’s Prescription Diet. For more information
about Colgate’s global business, visit the Company’s website at http://www.colgatepalmolive.com.
To learn more about Colgate Bright Smiles, Bright Futures® oral health
education program, please visit http://www.colgatebsbf.com.
CL-E

Cautionary Statement on Forward-Looking Statements

This press release and the related webcast may contain forward-looking
statements (as that term is defined in the U.S. Private Securities
Litigation Reform Act of 1995 or by the Securities and Exchange
Commission (SEC) in its rules, regulations and releases) that set forth
anticipated results based on management’s current plans and assumptions.
These statements are made on the basis of the Company’s views and
assumptions as of this time and the Company undertakes no obligation to
update these statements whether as a result of new information, future
events or otherwise, except as required by law or by the rules and
regulations of the SEC. Moreover, the Company does not, nor does any
other person, assume responsibility for the accuracy and completeness of
these statements. The Company cautions investors that any such
forward-looking statements are not guarantees of future performance and
that actual events or results may differ materially from those
statements. For more information about factors that could impact the
Company’s business and cause actual results to differ materially from
forward-looking statements, investors should refer to the Company’s
filings with the SEC (including, but not limited to, the information set
forth under the captions “Risk Factors” and “Cautionary Statement on
Forward-Looking Statements” in the Company’s Annual Report on Form 10-K
for the year ended December 31, 2017 and subsequent Quarterly Reports on
Form 10-Q). Copies of these filings may be obtained upon request from
the Company’s Investor Relations Department or on the Company’s website
at http://www.colgatepalmolive.com.

Contacts

John Faucher 212-310-3653
Hope Spiller 212-310-2291