NYSE — Consumer Defensive: Manufacturing, Household & Personal Products: Perfumes Cosmetics & Other Toilet Preparations
www.colgatepalmolive.comColgate-Palmolive Company announced the promotion of Panagiotis Tsourapas to Chief Operating Officer for regions encompassing Europe, Asia Pacific, Africa Eurasia, Skin Health & Global Customer Development, and John Hazlin to the role of Chief Growth Officer, effective June 16, 2025. This leadership transition comes as part of the company's broader strategy to enhance its operational and growth capabilities in key markets, following the planned retirement of Group President Prabha Parameswaran later this year. Tsourapas and Hazlin's promotions may positively impact the company’s strategic alignment and operational effectiveness in the competitive personal care sector.
Position PromotionColgate-Palmolive Company announced the appointment of Shane Grant as Chief Operating Officer for the Americas, effective June 16, 2025. Grant, 50, is transitioning from Danone, where he served as Group Deputy CEO. His experience spans nearly two decades at Coca-Cola in various leadership roles. In his new position, Grant will receive a base salary of $1.1 million, with additional compensation including a $1 million sign-on bonus and transition allowance of $1.5 million. The move comes as Colgate continues to evolve its leadership team, addressing ongoing strategic initiatives.
Operational EventPrabha Parameswaran intends to retire from her role as Group President, Growth and Strategy at Colgate-Palmolive Company on October 1, 2025. Her departure coincides with the company's strategic leadership transition, as Shane Grant will be appointed Chief Operating Officer for the Americas effective June 16, 2025. The Board of Directors has elected Parameswaran to serve as Vice Chair starting on the same date, highlighting her continued involvement in the company's governance. This leadership change is part of a broader effort to strengthen the firm's growth prospects amid evolving market dynamics.
Operational Event