(Reuters) - Colgate-Palmolive (NYSE:CL) Co said on Monday it has named Noel Wallace as its chief executive officer, replacing Ian Cook who has led the company since 2007.
Wallace will take over on April 2 and Cook will serve as an executive chairman for a period of up to 12 months to oversee the transition, the company said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=
Colgate's incoming CEO has been with the company since 1987 and held several positions, most recently as its chief operating officer.
Wallace's appointment comes at a time the company has been struggling to boost profit amidst increasing costs of raw material and a stronger U.S. dollar.