Business Context and Reporting Period
This Form 8-K Current Report was filed by Colgate-Palmolive Company on May 4, 2018. The report discloses a material change in corporate leadership regarding the appointment of a new Chief Financial Officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Appointment of CFO: The Board of Directors elected Mr. Henning I. Jakobsen to the position of Chief Financial Officer, effective May 4, 2018.
- Role Transition: Mr. Jakobsen will continue to serve as the Company's principal accounting officer.
- Departure of Former CFO: Mr. Dennis J. Hickey, who served as CFO since January 2011, will step down from that role to continue as Vice Chairman of the Company.
- Background: Mr. Jakobsen, 57, rejoined the Company in 2011 and most recently served as Vice President and Corporate Controller since October 2017.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of the executive appointment.
Key Facts for Investor Verification
- Confirm the effective date of Mr. Jakobsen's tenure as CFO (May 4, 2018).
- Verify Mr. Hickey's transition to Vice Chairman and his continued involvement with the company.
- Review Mr. Jakobsen's prior experience, including his time as CFO of Chr. Hansen and his roles within Colgate-Palmolive's European Division and U.S. operations.