Colgate COO Cook Tapped To Succeed President Shanahan
This article was originally published in The Rose Sheet
Executive Summary
Colgate Chief Operating Officer Ian Cook will become president of the oral care company following the retirement of William Shanahan, the firm announced during an April 27 Q1 sales and earnings call. The appointment, effective in the third quarter, indicates Cook is a likely contender to succeed CEO Reuben Mark
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Colgate-Palmolive President and COO Ian Cook will take over the chief executive position after current Chairman and CEO Reuben Mark retires in 2007, according to Mark
Colgate President Cook Slated For CEO Post After Mark’s Retirement
Colgate-Palmolive President and COO Ian Cook will take over the chief executive position after current Chairman and CEO Reuben Mark retires in 2007, according to Mark
Colgate management
Chief Operating Officer Ian Cook will succeed President William Shanahan upon his retirement Sept. 30, 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 (1"The Rose Sheet" May 2, 2005, p. 3). Exec will retain position as COO, to which he was promoted last year. Separately, firm released Q2 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. Q2 net sales grew 10.5% to $2.84 bil., but net income including restructuring charges fell 8% to $342.9 mil...