Colgate management
This article was originally published in The Rose Sheet
Executive Summary
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...