Colgate Elects Charles A. Bancroft to its Board of Directors

NEW YORK–(BUSINESS WIRE)–Colgate-Palmolive Company today announced that Charles A. Bancroft, Executive
Vice President, Chief Financial Officer and Global Business Operations
of Bristol-Myers Squibb Company, has been elected to the Company’s Board
of Directors effective January 1, 2017. The Company also announced that
Richard J. Kogan, a director since 1996, will retire from the Board in
May 2017 at the end of his current term.

Mr. Bancroft, 57, will bring extensive leadership experience and
financial expertise to Colgate’s board from his long service at
Bristol-Myers Squibb. He joined Bristol-Myers Squibb in 1984 and has
since held positions of increasing responsibility within the finance
organization, including international assignments, as well as senior
leadership positions in their global pharmaceutical business. Mr.
Bancroft was appointed Chief Financial Officer in 2010 and has served in
his current role since 2016. Prior to joining Bristol-Myers Squibb, Mr.
Bancroft was an auditor with KPMG. Mr. Bancroft received his Bachelor of
Science degree in accounting from Drexel University and his Master’s
degree in Business Administration from Temple University.

Separately, Richard J. Kogan, Former President and Chief Executive
Officer of Schering-Plough Corporation, has informed the Company that he
will not stand for re-election to the Board of Directors at Colgate’s
2017 Annual Meeting. Mr. Kogan has contributed greatly to the Company’s
success for two decades, especially through his focus on Colgate’s
personnel and organizational matters, including executive compensation.

Commenting on the new director election, Ian Cook, Chairman, President
and CEO, said, “We are delighted to welcome Charlie and his outstanding
capabilities to our Board. Dick Kogan has our profound thanks for his
immeasurable contributions to Colgate’s business success and governance
excellence, and he will have our best wishes when he retires from the
Board in May 2017.”

* * *

About Colgate-Palmolive: Colgate-Palmolive is a leading global consumer
products company, tightly focused on Oral Care, Personal Care, Home Care
and Pet Nutrition. Colgate sells its products in over 200 countries and
territories around the world under such internationally recognized brand
names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso,
Kolynos, elmex, Tom’s of Maine, Sanex, Ajax, Axion, Soupline, and
Suavitel, as well as Hill’s Science Diet, Hill’s Prescription Diet and
Hill’s Ideal Balance. For more information about Colgate’s global
business, visit the Company’s web site at http://www.colgatepalmolive.com.
To learn more about Colgate’s global oral health education program,
Bright Smiles, Bright Futures™, please visit http://www.colgatebsbf.com.
CL-C

Contacts

Colgate-Palmolive Company
John Faucher, 212-310-3653
or
Hope
Spiller, 212-310-2291