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Colgate’s Global Success
Becoming the                                                                                   Fundamental Values
                                                                                           s

                                                                                               Exciting Work
                                                                                           s

Best Place to Work                                                                             Motivating Environment
                                                                                           s

                                                                                               Stimulating Careers
                                                                                           s

                                                                                               Recognition and Rewards
                                                                                           s

                                                                                               Feeling Connected
                                                                                           s




     Global Training
     Focuses on
     Values
     Colgate managers
     from seven Asian
     countries participated
     in a train-the-trainer
     session for “Valuing
     Colgate People” in
     Malaysia. The two-
     day course, which is
     offered to all Colgate
     people worldwide,
     focuses on the Com-
     pany’s fundamental
     values. Leading the
     session are Mitra
     Chappell, Director
     of Global Leadership
     Training and
     Organizational
     Development, and
     Ron Martin, VP of
     Global Business
     Practices and
     Public Affairs.
                               Making Colgate the best place to work is vital to attract, develop
                   ≈Malaysia
                               and retain our most valuable resource — the 38,000 committed
                               Colgate people around the world. Fulfilling this mission starts with
                               our shared global values of Caring, Continuous Improvement and
                               Global Teamwork. These values, along with our Managing with Respect prin-
                               ciples, form the foundation for how Colgate operates worldwide. Colgate people
                               learn and follow the basic principles of Managing with Respect — to communicate
                               effectively, to give and seek feedback, to value unique contributions, to promote
                               teamwork and to set the example. We believe that we must provide exciting, chal-
                               lenging and motivating work that helps people grow professionally. At Colgate
                               we have outstanding opportunities for global careers. More than 70 global train-
                               ing programs, taught by Colgate experts in all business disciplines, help support
                               individual development, instilling the global competencies and teamwork


14
Intercom Reaches Over 1 Locations
                                                     00




                          required for advancement. The broad curriculum includes courses ranging from
Video Broadcasts                                                                                                  Latest Results
                          Marketing Fundamentals to Trade Marketing and Productive Maintenance.
to Far-Flung                                                                                                      on Video
                              We also know that we must provide a motivating environment and provide
Locations                                                                                                         Keeping Colgate
                          an opportunity for people to contribute at all levels of the organization. To facili-
Live broadcasts reach                                                                                             people connected,
                          tate individual efforts we are making investments in leading technologies like SAP.
Colgate people at 19                                                                                              Intercom meetings
different North Ameri-                                                                                            are held at all loca-
                          We provide stimulating careers to all Colgate people. Career tracks are defined and
can locations four                                                                                                tions twice a year to
                          key competencies identified on a global basis, making sure that people can focus
times a year. Experts                                                                                             review the latest
                          on their individual development plans to continue their career development.
report on specific                                                                                                results. Successful
                              People decisions are managed on a worldwide basis, ensuring that talented
parts of the business                                                                                             growth initiatives
and take live ques-                                                                                               from around the
                          people gain and share expertise by working in diverse regions or advancing in
tions from viewers.                                                                                               world are shared
                          their function. And, as evidence of our commitment, the Human Resources Com-
Below is Sheila                                                                                                   via the “Colgate
                          mittee, consisting of the President, Chief Operating Officer, Chief Growth Officer,
Hopkins, VP of                                                                                                    World Report”
                          Executive VP VP-Global HR, Chief Financial Officer and other key executives, meets
                                      ,
Colgate-U.S. for                                                                                                  video newscast.
Personal Care. In the                                                                                                             ≈Global
                          every month to assess management rotation and development across all regions.
control room are
                              This process is repeated at the division operating level. For instance, when
Communications
                          division presidents visit subsidiaries, career development, compensation and train-
Analyst Maria
                          ing improvements are important parts of business reviews. Presentations by man-
Barbieri, Audiovisual
Coordinator Robert        agers early in their careers are encouraged in these sessions. And last year, in the
Montagna and
                                                                                       (continued on page 16)
Personal Systems
Manager Steve Baez.
         ≈United States
Becoming                      first annual Colgate Leadership Challenge, high-potential managers from around
the Best                      the world participated in a weeklong program in New York where they worked
Place to Work                 together on team projects and heard Company executives relate their personal
(continued from page 15)      leadership approaches. This program and others like it will help identify and retain
                              Colgate’s future leaders.
                                  Recognition and rewards are critical to making Colgate the best place to
                              work. Compensation programs include pay for performance at all levels and an
                              incentive program tied to business goals of profitability and growth. The Chair-
                              man’s “You Can Make a Difference” program rewards individuals at national and
                              global levels for new ideas to improve our business results. Last year, the 47 global
                              winners from eleven countries contributed a range of innovations that directly
                              increased Company growth and profitability. For example, promoting a new Oral
                              Health Month in Central Europe involved more than 6,000 dentists and increased
                              Colgate’s strong leadership there, while improving productivity of bottle blow
                              molding at the pan-European liquids plant reduced changeover time from six
                              hours to one hour.
                                  Finally, we believe that an important part of making Colgate the best place to
                              work is making people feel connected. We have a worldwide intranet and e-mail
                              system with information about our Company. In North America, employees in more
                              than a dozen locations participate quarterly in a live videoconference, both listen-
     Recognition and          ing and asking questions as the division president and other managers review busi-
     Rewards
                              ness results. And around the world, semiannual Intercom meetings and the Colgate
     Recognition for
                              World Report videos present the Company’s achievements and business priorities.
     outstanding achieve-
                                  We believe the six factors listed on page 14 are critical to making Colgate the
     ments takes place at
     the national and         best place to work. Creating this positive motivation enables Colgate people to per-
     global levels through
                              form at their most effective, moving us ever closer to our goal of becoming the
     the Chairman’s “You
                              best truly global consumer products company.
     Can Make a Differ-
     ence” program. Here,
     Colgate-Mexico
     President Guillermo
     Fernandez presents
     awards to Higia de la
     Fuente, Toothbrush
     Brand Assistant, and
     José Manuel Corrales,
     Operator, soap
     production.
                    ≈Mexico




Medal for Awards Program,
in 100-Plus Countries



16
Lilian Lee                                              Pascal Montilus
                          Supply Chain Manager,                                   Focus Factory Manager,
Stimulating               Materials Management, U.S.                              France
Careers
                          2000 promoted to current position                       1999 promoted to current position
Human Resource
                          1999-2000 U.S. Export Manager for U.S.                  1998-1999 Operations Manager, Palmolive/PET, France
decisions are man-        1998-1999 Manager of Oral Care in Malaysia              1997-1998 Manager of Operations, Russia
aged on a global          1996-1998 Team Leader in Malaysia                       1994-1997 SAP Implementation in U.S.
                          1995-1996 Technology Associate at Engineering           1990-1994 Engineering at Morristown plant, U.S.
basis at Colgate,
                          Technology
ensuring that tal-
ented people gain
and share expertise
by working in diverse
regions or advancing
across functions.
Pictured at right, a
representative sample
of talented Colgate
people with high-
lights of their
stimulating careers.
                          Justin Skala                                            Maria Fernanda Mejia
                ≈Global
                          Vice President and General Manager,                     Marketing Director,
                          Hill’s-Europe                                           Venezuela
                          2000 promoted to current position                       2000 promoted to current position
                          1997-2000 Vice President, Sales, Hill’s-Europe          1998-2000 Marketing Director for Ecuador
                          1995-1997 General Manager for Hill’s-United Kingdom     1997-1998 Household Products Marketing Manager
                          1994-1995 Marketing Director for Hill’s-International   in Global Business Development
                          1992-1994 Marketing Director for Personal Care          1994-1997 Group Product Manager for Puerto Rico
                          and then for Fabric Care, U.S.
                          1988-1991Marketing Manager for Household
                          Products, Thailand




                          Scott Smith                                             Denise Stuckey
                          Director of                                             Manager, Work-Life Initiatives,
                          National Accounts, U.S.                                 Global

                          2000 promoted to current position                       1999 promoted to current position
                          1999-2000 Director of Sales for Wal-Mart                1997-1999 Associate Manager, Work & Personal Life
                          1997-1999 Regional Sales Manager for Northeast          Initiatives, Global
                          1993-1997Regional Marketing Manager for Northeast       1994-1996 Supervisor, Work/Personal Initiatives
                                                                                  1990-1994 Supervisor, Non-exempt Staff
                                                                                  1988-1990 Supervisor, Training and Development
                                                                                  1983-1988 HR Administrator


                                                                                                                                      17
Your Board of Directors




Reuben Mark                              Jill K. Conway                                  Ronald E. Ferguson                               Ellen M. Hancock
Chairman of the Board and Chief          Chairman of Lend Lease Corporation              Chairman and Chief Executive Officer             Chairman and Chief Executive Officer,
Executive Officer of Colgate-Palmolive   Limited and Visiting Scholar, Program           of General Re Corporation since 1987  .          Exodus Communications, Inc. Mrs.
Company. Mr. Mark joined Colgate in      in Science, Technology and Society at           Mr. Ferguson has been with General               Hancock previously was Executive Vice
1963 and held a series of significant    Massachusetts Institute of Technology.          Re since 1969. Elected director in 1987 .        President of Research and Development
positions in the United States and       Mrs. Conway was President of Smith              Age 59                                           and Chief Technology Officer at Apple
abroad before being elected CEO          College from 1975 to 1985. Elected                                                               Computer Inc., 1996-1997 Executive Vice
                                                                                                                                                                     ,
in 1984. Elected director in 1983.       director in 1984. Age 66                                                                         President and Chief Operating Officer at
Age 62                                                                                                                                    National Semiconductor, 1995-1996, and
                                                                                                                                          Senior Vice President at IBM. Elected
                                                                                                                                          director in 1988. Age 57




David W. Johnson                         John P. Kendall                                 Richard J. Kogan                                 Howard B. Wentz, Jr.
Chairman Emeritus of Campbell Soup       Officer, Faneuil Hall Associates, Inc., a       Chairman and Chief Executive Officer of          Chairman of Tambrands, Inc., 1993-
Company. Mr. Johnson was Chairman        private investment company, since               Schering-Plough Corporation since 1998.          1996. Mr. Wentz was Chairman of
of Campbell Soup Company, March          1973. Mr. Kendall is a former Chairman          Mr. Kogan joined Schering-Plough as              ESSTAR Incorporated, 1989-1995, and
2000 to January 2001 and 1993-1999.      of The Kendall Company. He joined               Executive Vice President, Pharmaceutical         Chairman, President and Chief
He was Campbell President and Chief      that company in 1956 and held a                 Operations, in 1982 and then became              Executive Officer of Amstar Company,
Executive Officer, 1990-1997 From 1987
                            .            series of significant positions. Elected        President and Chief Operating Officer of         1983-1989. Elected director in 1982.
to 1990, he served as Chairman and       director in 1972. Age 72                        that company in 1986 and President and           Age 71
Chief Executive Officer of Gerber                                                        Chief Executive Officer in 1996. Elected
Products Company. Elected director in                                                    director in 1996. Age 59
1991. Age 68



                                         Audit Committee: Ronald E. Ferguson, Chair., Jill K. Conway, Ellen M. Hancock, John P Kendall, Howard B. Wentz, Jr.
                                                                                                                              .
                                         Committee on Directors: David W. Johnson, Chair., Jill K. Conway, John P Kendall, Howard B. Wentz, Jr.
                                                                                                                  .
                                         Finance Committee: Howard B. Wentz, Jr., Chair., Ronald E. Ferguson, Ellen M. Hancock, John P Kendall, Richard J. Kogan, Reuben Mark
                                                                                                                                        .
                                         Personnel and Organization Committee: Jill K. Conway, Chair., Ronald E. Ferguson, David W. Johnson, John P Kendall, Richard J. Kogan
                                                                                                                                                      .




                                         John P Kendall, Retiring
                                               .                                                                            Delano E. Lewis, Update
                                         Mr. Kendall is retiring from the Colgate                                           Having made many contributions to
                                         Board of Directors, effective May 10,                                              Colgate’s Board as a Director from
                                         2001. He joined the Colgate Board in                                               1991 to 1999, Delano Lewis is currently
                                         1972 and made significant contribu-                                                serving as U.S. Ambassador to South
                                         tions to the success of the Company                                                Africa. He was appointed to that
                                         through his service on all Committees.                                             position in December 1999 and feder-
                                         We sincerely thank Mr. Kendall for                                                 al law required that he resign from
                                         29 years of distinguished service to                                               Colgate’s Board. He has our continued
                                         Colgate and extend our best wishes                                                 wishes for success.
                                         for his retirement.




38
Your Management Team

                                            *Stephen C. Patrick, 51
     *Reuben Mark, 62                                                                                                                                         Reuven M. Sacher
                                                                                     Edward J. Filusch                   Betty M. Kong
                                             Chief Financial Officer                                                                                          VP, Research and Development
      Chairman of the Board and                                                      VP, Treasury                        VP, Technology
      Chief Executive Officer                Joined Colgate in 1982 after                                                                                     Jeff Salguero
                                                                                     Stephen J. Fogarty                  Yoshio Koshimura
                                             having been a Manager at                                                                                         VP, Advertising Production
      See biographical                                                               VP, Oral Care                       VP, Hill’s-Asia Pacific
                                             Price Waterhouse. Before being
      information, left.                                                                                                                                      Derrick E.M. Samuel
                                                                                     Chester P .W. Fong                  Andrea Lagioia
                                             named CFO in 1996, Mr. Patrick                                                                                   VP, South Asia Region
     *William S. Shanahan, 60                                                        VP, Greater China                   VP, Colgate-Europe
                                             held a series of key financial posi-
      President                                                                                                                                               Raffy L. Santos
                                                                                     Abdul Gaffar                        Leo Laitem
                                             tions, including Vice President
                                                                                                                                                              VP, Hawley & Hazel Taiwan
      Mr. Shanahan joined Colgate in                                                 VP, Growth Technology               VP, Research and Development
                                             and Corporate Controller and
      1965 and held a series of impor-                                               Development                                                              Lim Kim Seng
                                                                                                                         Daniel B. Marsili
                                             Vice President-Finance for
      tant positions in the United States                                                                                                                     VP, China
                                                                                                                         VP, Colgate-U.S.
                                                                                     Robert Galan
                                             Colgate-Latin America.
      and abroad. These include Vice                                                 VP, Philippines                                                          Paul Shapiro
                                                                                                                         Robert R. Martin
                                            *Andrew D. Hendry, 53
      President-General Manager for
                                                                                                                                                              VP, Chief Patent Counsel
                                                                                                                         President, e-Business
                                                                                     Jill Garrity
                                             Senior Vice President, General
      the Western Hemisphere and
                                                                                     VP, Colgate Oral Pharmaceuticals
                                             Counsel and Secretary                                                      *Ronald T. Martin                     James H. Shoultz
      Group Vice President for
                                                                                                                                                              VP, Venezuela
                                                                                                                         VP, Global Business Practices
                                                                                     James J. Gerchow
                                             Joined Colgate in 1991 from
      Europe/Africa, Colgate-U.S. and
                                                                                     VP, Colgate-Africa/Middle East      and Public Affairs
                                             Unisys, where he was Vice
      other countries. He was elected                                                                                                                         Barry N. Simpson
                                             President and General Counsel.                                                                                   VP, Colgate-Asia Pacific
      Chief Operating Officer in 1989                                                Nina D. Gillman                     Steven G. Marton
                                             A graduate of Georgetown
      and President in 1992.                                                         VP, Legal                           President & COO                      Justin P Skala
                                                                                                                                                                         .
                                             University and NYU Law School,                                              Hill’s Pet Nutrition                 VP, Hill’s-Europe
     *Lois D. Juliber, 52                                                            Walter H. Golembeski
                                             Mr. Hendry has also been a
      Chief Operating Officer                                                        VP, Product Supply Chain           *Michele C. Mayes                     Leonard D. Smith
                                             corporate attorney at a                                                     VP, Legal and Assistant Secretary    VP, Global Supply Chain
      Ms. Juliber is responsible for                                                 Stefan S. Gorkin
                                             New York law firm and at
      Europe, Latin America, Asia,                                                   VP, Labor Relations                 Seamus E. McBride                   *Barrie M. Spelling
                                             Reynolds Metals Company
      South Pacific, Central Europe                                                                                      VP, Colgate-U.S.                     President, Global Oral Care
                                                                                     David R. Groener
                                             (now part of Alcoa, Inc.).
      and Africa. She joined Colgate                                                 VP, Colgate-North America           Charles F McGraw
                                                                                                                                  .                           Malcolm L. Stokoe
                                             Emilio Alvarez-Recio
      in 1988 from General Foods,                                                                                        VP, Colgate-North America            VP, Caricom Region
                                                                                     Karen Guerra
                                             VP, Advertising
      where she was Vice President.
                                                                                     VP, France                         *Peter D. McLeod                      P Dorset Sutton
                                                                                                                                                               .
      Before being promoted to her           Charles W. Beck
                                                                                                                         VP, Manufacturing Engineering        VP, Southeast Asia Region
                                                                                     John Guiney
                                             Retired VP Global Materials,
                                                        ,
      current position in 2000, she
                                                                                                                         Technology
                                                                                     VP, Colgate-Asia Pacific
                                             Logistics and Sourcing
      had been Executive Vice Presi-                                                                                                                          Richard F Theiler
                                                                                                                                                                        .
                                                                                                                         Donna B. McNamara                    VP, Research and Development
      dent, Chief of Operations for                                                  Luis Gutierrez
                                            *Steven R. Belasco
                                                                                                                         VP, Human Resources
      Developed Markets. Previously,                                                 VP, Central America
                                             VP, Taxation and Real Estate                                                                                     Bina H. Thompson
      she had been President of the                                                                                      Richard Mener                        VP, Investor Relations
                                                                                     Jack J. Haber
                                             David P Bencze
                                                     .
      Far East/Canada division, Chief                                                                                    VP, Germany
                                                                                     VP, e-Business
                                             VP, Colgate-Europe                                                                                               Scott E. Thompson
      Technological Officer and Presi-                                                                                   Louis P Mignone
                                                                                                                                .                             VP, Legal
                                                                                     Tarek S. Hallaba
                                             Philip A. Berry
      dent of Colgate-North America.                                                                                     VP, Colgate-U.S.
                                                                                     President, Central Europe
                                             VP, Global Employee Relations-                                                                                   Kathleen A. Thornhill
     *Javier G. Teruel, 50                                                           & Russia                            Franck J. Moison
                                             Best Place to Work                                                                                               VP, Consumer Insights
      Chief Growth Officer                                                                                               President, Colgate-Europe
                                                                                     Suzan F Harrison
                                                                                             .
                                             Robert E. Blanchard                                                                                              Heiko Tietke
      Mr. Teruel is responsible for                                                  VP, Colgate-U.S.                    Francis A. Morelli
                                             VP, Global Toothbrush Division                                                                                   EVP, Colgate-Europe
      Global Business Development,                                                                                       VP, Global Systems
                                                                                     Richard F Hawkins
                                                                                                 .
                                             John H. Bourne                                                                                                   Edmund D. Toben
      R&D, Manufacturing, Informa-
                                                                                     Vice Chairman                       Steven K. Morse
                                             VP, Colgate-North America                                                                                        Chief Information Officer
      tion Technology and Strategic
                                                                                     Hill’s Pet Nutrition                VP, Hill’s Pet Nutrition
      Planning. After joining Colgate        Johannes C. Brouwer                                                                                              Joseph A. Uzzolina
                                                                                    *Brian J. Heidtke                    Graeme B. Murray
                                             VP, Turkiye                                                                                                      VP, Household Surface Care
      in Mexico in 1971, he advanced
                                                                                     VP, Finance and Corporate           VP, Canada
      through marketing and manage-          Stuart D. Burkhead                                                                                               Daniel A. Vettoretti
                                                                                     Treasurer
      ment positions in Latin America                                                                                    Robert A. Murray
                                             VP, Hill’s Pet Nutrition                                                                                         VP, Italy
      and at the corporate level. He                                                                                     VP, Corporate Communications
                                                                                     Roland Heincke
                                             Nigel B. Burton                                                                                                  J. Nicholas Vinke
      was appointed to his current                                                   VP, Colgate-Europe                  James A. Napolitano
                                             VP, United Kingdom & Ireland                                                                                     President, Colgate
      position in 2000, most recently                                                                                    VP, Hill’s Pet Nutrition
                                                                                     Jean-Mathieu Hellich                                                     Oral Pharmaceuticals
                                             Antonio Caro
      having been President of                                                       VP, Colgate-Europe                  Jean-Marc Navez
                                             VP, Worldwide Sales                                                                                              Anthony R. Volpe
      Colgate-Europe and President
                                                                                    *Dennis J. Hickey                    VP, Colgate-Asia Pacific             VP, Research and Development
      of Colgate-Mexico.                     Peter C. Chase
                                                                                     VP, Corporate Controller            Rosemary Nelson
                                             VP, Personal Care                                                                                                Katherine S. Weida
     *Ian M. Cook, 48
                                                                                                                         VP, Colgate-U.S.
                                                                                     Sheila A. Hopkins                                                        VP, Technology and Global
      Executive Vice President and Presi-    James H. Clark
                                                                                     VP, Colgate-U.S.                                                         Business Development
                                                                                                                         Debra Nichols
                                             VP, Colgate-Africa/Middle East
      dent, Colgate-North America and
                                                                                                                         VP, Hill’s Pet Nutrition
                                                                                     William A. Houlzet                                                      *Robert C. Wheeler
      Colgate Oral Pharmaceuticals           Michael A. Corbo
                                                                                     VP, Argentina                                                            Chief Executive Officer
                                                                                                                         Alan Nimmey
                                             VP, Colgate-Latin America
      Mr. Cook began his Colgate
                                                                                                                                                              Hill’s Pet Nutrition
                                                                                                                         VP, Technology
                                                                                     Stuart A. Hulke
      career in the United Kingdom in        Graeme D. Dalziel
                                                                                     VP, Technology
      1976 and held a series of market-                                                                                                                       Richard J. Wienckowski
                                                                                                                         James Norfleet
                                             VP, Portugal
                                                                                                                                                              VP, Hill’s Pet Nutrition
      ing and management positions                                                                                       VP, Research and Development
                                                                                     John J. Huston
                                             S. Peter Dam
      in various countries. Appointed                                                VP, Office of the Chairman                                               David K. Wilcox
                                                                                                                         Morgan J. O’Brien
                                             President, Colgate-Asia Pacific
      to his current position in 2000,                                                                                                                        VP, Technology
                                                                                                                         VP, Colgate-Central
                                                                                     N. Jay Jayaraman
                                             Edward C. Davis
      he most recently was President                                                 VP, Oral Care                       Europe & Russia                      Francis M. Williamson
                                             VP, Budget and Planning
      of Colgate-North America.
                                                                                                                                                              VP, Colgate-Latin America
                                                                                     Scott W. Jeffrey, Jr.               Chris E. Pedersen
                                             Herbert L. Davis
     *Michael J. Tangney, 56                                                         VP, Colombia                        VP, South Pacific Region             Paul A. Witmond
                                             VP, Technology
      Executive Vice President and
                                                                                                                                                              VP, Dominican Republic
                                                                                     Malcolm Jones                       Robert C. Pierce
      President, Colgate-Latin America       Alec de Guillenchmidt
                                                                                     VP, Colgate-U.S.                    VP, Research and Development         Gregory P Woodson
                                                                                                                                                                         .
                                             VP, Colgate-Europe
      Mr. Tangney joined Colgate in
                                                                                                                                                              President, Fabric Care
                                                                                    *Robert J. Joy                       Hans L. Pohlschroeder
      1971 and held various U.S. and         Coloman de Hegedus
                                                                                     VP, Global Human Resources          VP, Treasury                         Douglas R. Wright
                                             President, Colgate-Africa/
      international management
                                                                                                                                                              VP, Environmental Affairs,
                                                                                     Jules P Kaufman
                                                                                            .                            Roger M. Pratt
                                             Middle East
      positions in Latin America and
                                                                                                                                                              Occupational Health and Safety
                                                                                     VP, Legal                           VP, Brazil
      Europe. He was appointed to his        Virginia M. Dotzauer
      current position in 2000, having                                                                                                                        Seng Aun Yeoh
                                                                                     Patrick A. Keefe                    Ricardo Ramos
                                             VP, Hill’s Pet Nutrition
                                                                                                                                                              VP, Malaysia
      most recently been President of                                                VP, Global Security                 VP, Greece
                                             Hector I. Erezuma
      Colgate-Latin America and                                                                                                                               Julie A. Zerbe
                                                                                     Robert G. Kirkpatrick               Grace E. Richardson
                                             VP, International Taxes
      President of Colgate-Mexico.                                                                                                                            VP, Hill’s Pet Nutrition
                                                                                     VP, Media                           VP, Consumer Affairs
                                             James E. Farrell, Jr.
                                                                                                                                                              John E. Zoog
                                                                                     Joy D. Klemencic                    Susan J. Riley
                                             VP, Legal
                                                                                                                                                              VP, Human Resources
                                                                                     VP, Hill’s Pet Nutrition            VP, Financial Business
                                             Guillermo M. Fernandez
                                                                                                                         Development
                                                                                     Donald R. Klock
                                             VP, Mexico
                                                                                     VP, Global Materials,               Jill H. Rothman
                                             James S. Figura                                                                                                 *Corporate Officer
                                                                                     Logistics & Sourcing                VP, Human Resources
                                             VP, Colgate-U.S.


                                                                                                                                                                                            39 39
39

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colgate-palmolive ar2000editorial_part2

  • 1. Colgate’s Global Success Becoming the Fundamental Values s Exciting Work s Best Place to Work Motivating Environment s Stimulating Careers s Recognition and Rewards s Feeling Connected s Global Training Focuses on Values Colgate managers from seven Asian countries participated in a train-the-trainer session for “Valuing Colgate People” in Malaysia. The two- day course, which is offered to all Colgate people worldwide, focuses on the Com- pany’s fundamental values. Leading the session are Mitra Chappell, Director of Global Leadership Training and Organizational Development, and Ron Martin, VP of Global Business Practices and Public Affairs. Making Colgate the best place to work is vital to attract, develop ≈Malaysia and retain our most valuable resource — the 38,000 committed Colgate people around the world. Fulfilling this mission starts with our shared global values of Caring, Continuous Improvement and Global Teamwork. These values, along with our Managing with Respect prin- ciples, form the foundation for how Colgate operates worldwide. Colgate people learn and follow the basic principles of Managing with Respect — to communicate effectively, to give and seek feedback, to value unique contributions, to promote teamwork and to set the example. We believe that we must provide exciting, chal- lenging and motivating work that helps people grow professionally. At Colgate we have outstanding opportunities for global careers. More than 70 global train- ing programs, taught by Colgate experts in all business disciplines, help support individual development, instilling the global competencies and teamwork 14
  • 2. Intercom Reaches Over 1 Locations 00 required for advancement. The broad curriculum includes courses ranging from Video Broadcasts Latest Results Marketing Fundamentals to Trade Marketing and Productive Maintenance. to Far-Flung on Video We also know that we must provide a motivating environment and provide Locations Keeping Colgate an opportunity for people to contribute at all levels of the organization. To facili- Live broadcasts reach people connected, tate individual efforts we are making investments in leading technologies like SAP. Colgate people at 19 Intercom meetings different North Ameri- are held at all loca- We provide stimulating careers to all Colgate people. Career tracks are defined and can locations four tions twice a year to key competencies identified on a global basis, making sure that people can focus times a year. Experts review the latest on their individual development plans to continue their career development. report on specific results. Successful People decisions are managed on a worldwide basis, ensuring that talented parts of the business growth initiatives and take live ques- from around the people gain and share expertise by working in diverse regions or advancing in tions from viewers. world are shared their function. And, as evidence of our commitment, the Human Resources Com- Below is Sheila via the “Colgate mittee, consisting of the President, Chief Operating Officer, Chief Growth Officer, Hopkins, VP of World Report” Executive VP VP-Global HR, Chief Financial Officer and other key executives, meets , Colgate-U.S. for video newscast. Personal Care. In the ≈Global every month to assess management rotation and development across all regions. control room are This process is repeated at the division operating level. For instance, when Communications division presidents visit subsidiaries, career development, compensation and train- Analyst Maria ing improvements are important parts of business reviews. Presentations by man- Barbieri, Audiovisual Coordinator Robert agers early in their careers are encouraged in these sessions. And last year, in the Montagna and (continued on page 16) Personal Systems Manager Steve Baez. ≈United States
  • 3. Becoming first annual Colgate Leadership Challenge, high-potential managers from around the Best the world participated in a weeklong program in New York where they worked Place to Work together on team projects and heard Company executives relate their personal (continued from page 15) leadership approaches. This program and others like it will help identify and retain Colgate’s future leaders. Recognition and rewards are critical to making Colgate the best place to work. Compensation programs include pay for performance at all levels and an incentive program tied to business goals of profitability and growth. The Chair- man’s “You Can Make a Difference” program rewards individuals at national and global levels for new ideas to improve our business results. Last year, the 47 global winners from eleven countries contributed a range of innovations that directly increased Company growth and profitability. For example, promoting a new Oral Health Month in Central Europe involved more than 6,000 dentists and increased Colgate’s strong leadership there, while improving productivity of bottle blow molding at the pan-European liquids plant reduced changeover time from six hours to one hour. Finally, we believe that an important part of making Colgate the best place to work is making people feel connected. We have a worldwide intranet and e-mail system with information about our Company. In North America, employees in more than a dozen locations participate quarterly in a live videoconference, both listen- Recognition and ing and asking questions as the division president and other managers review busi- Rewards ness results. And around the world, semiannual Intercom meetings and the Colgate Recognition for World Report videos present the Company’s achievements and business priorities. outstanding achieve- We believe the six factors listed on page 14 are critical to making Colgate the ments takes place at the national and best place to work. Creating this positive motivation enables Colgate people to per- global levels through form at their most effective, moving us ever closer to our goal of becoming the the Chairman’s “You best truly global consumer products company. Can Make a Differ- ence” program. Here, Colgate-Mexico President Guillermo Fernandez presents awards to Higia de la Fuente, Toothbrush Brand Assistant, and José Manuel Corrales, Operator, soap production. ≈Mexico Medal for Awards Program, in 100-Plus Countries 16
  • 4. Lilian Lee Pascal Montilus Supply Chain Manager, Focus Factory Manager, Stimulating Materials Management, U.S. France Careers 2000 promoted to current position 1999 promoted to current position Human Resource 1999-2000 U.S. Export Manager for U.S. 1998-1999 Operations Manager, Palmolive/PET, France decisions are man- 1998-1999 Manager of Oral Care in Malaysia 1997-1998 Manager of Operations, Russia aged on a global 1996-1998 Team Leader in Malaysia 1994-1997 SAP Implementation in U.S. 1995-1996 Technology Associate at Engineering 1990-1994 Engineering at Morristown plant, U.S. basis at Colgate, Technology ensuring that tal- ented people gain and share expertise by working in diverse regions or advancing across functions. Pictured at right, a representative sample of talented Colgate people with high- lights of their stimulating careers. Justin Skala Maria Fernanda Mejia ≈Global Vice President and General Manager, Marketing Director, Hill’s-Europe Venezuela 2000 promoted to current position 2000 promoted to current position 1997-2000 Vice President, Sales, Hill’s-Europe 1998-2000 Marketing Director for Ecuador 1995-1997 General Manager for Hill’s-United Kingdom 1997-1998 Household Products Marketing Manager 1994-1995 Marketing Director for Hill’s-International in Global Business Development 1992-1994 Marketing Director for Personal Care 1994-1997 Group Product Manager for Puerto Rico and then for Fabric Care, U.S. 1988-1991Marketing Manager for Household Products, Thailand Scott Smith Denise Stuckey Director of Manager, Work-Life Initiatives, National Accounts, U.S. Global 2000 promoted to current position 1999 promoted to current position 1999-2000 Director of Sales for Wal-Mart 1997-1999 Associate Manager, Work & Personal Life 1997-1999 Regional Sales Manager for Northeast Initiatives, Global 1993-1997Regional Marketing Manager for Northeast 1994-1996 Supervisor, Work/Personal Initiatives 1990-1994 Supervisor, Non-exempt Staff 1988-1990 Supervisor, Training and Development 1983-1988 HR Administrator 17
  • 5. Your Board of Directors Reuben Mark Jill K. Conway Ronald E. Ferguson Ellen M. Hancock Chairman of the Board and Chief Chairman of Lend Lease Corporation Chairman and Chief Executive Officer Chairman and Chief Executive Officer, Executive Officer of Colgate-Palmolive Limited and Visiting Scholar, Program of General Re Corporation since 1987 . Exodus Communications, Inc. Mrs. Company. Mr. Mark joined Colgate in in Science, Technology and Society at Mr. Ferguson has been with General Hancock previously was Executive Vice 1963 and held a series of significant Massachusetts Institute of Technology. Re since 1969. Elected director in 1987 . President of Research and Development positions in the United States and Mrs. Conway was President of Smith Age 59 and Chief Technology Officer at Apple abroad before being elected CEO College from 1975 to 1985. Elected Computer Inc., 1996-1997 Executive Vice , in 1984. Elected director in 1983. director in 1984. Age 66 President and Chief Operating Officer at Age 62 National Semiconductor, 1995-1996, and Senior Vice President at IBM. Elected director in 1988. Age 57 David W. Johnson John P. Kendall Richard J. Kogan Howard B. Wentz, Jr. Chairman Emeritus of Campbell Soup Officer, Faneuil Hall Associates, Inc., a Chairman and Chief Executive Officer of Chairman of Tambrands, Inc., 1993- Company. Mr. Johnson was Chairman private investment company, since Schering-Plough Corporation since 1998. 1996. Mr. Wentz was Chairman of of Campbell Soup Company, March 1973. Mr. Kendall is a former Chairman Mr. Kogan joined Schering-Plough as ESSTAR Incorporated, 1989-1995, and 2000 to January 2001 and 1993-1999. of The Kendall Company. He joined Executive Vice President, Pharmaceutical Chairman, President and Chief He was Campbell President and Chief that company in 1956 and held a Operations, in 1982 and then became Executive Officer of Amstar Company, Executive Officer, 1990-1997 From 1987 . series of significant positions. Elected President and Chief Operating Officer of 1983-1989. Elected director in 1982. to 1990, he served as Chairman and director in 1972. Age 72 that company in 1986 and President and Age 71 Chief Executive Officer of Gerber Chief Executive Officer in 1996. Elected Products Company. Elected director in director in 1996. Age 59 1991. Age 68 Audit Committee: Ronald E. Ferguson, Chair., Jill K. Conway, Ellen M. Hancock, John P Kendall, Howard B. Wentz, Jr. . Committee on Directors: David W. Johnson, Chair., Jill K. Conway, John P Kendall, Howard B. Wentz, Jr. . Finance Committee: Howard B. Wentz, Jr., Chair., Ronald E. Ferguson, Ellen M. Hancock, John P Kendall, Richard J. Kogan, Reuben Mark . Personnel and Organization Committee: Jill K. Conway, Chair., Ronald E. Ferguson, David W. Johnson, John P Kendall, Richard J. Kogan . John P Kendall, Retiring . Delano E. Lewis, Update Mr. Kendall is retiring from the Colgate Having made many contributions to Board of Directors, effective May 10, Colgate’s Board as a Director from 2001. He joined the Colgate Board in 1991 to 1999, Delano Lewis is currently 1972 and made significant contribu- serving as U.S. Ambassador to South tions to the success of the Company Africa. He was appointed to that through his service on all Committees. position in December 1999 and feder- We sincerely thank Mr. Kendall for al law required that he resign from 29 years of distinguished service to Colgate’s Board. He has our continued Colgate and extend our best wishes wishes for success. for his retirement. 38
  • 6. Your Management Team *Stephen C. Patrick, 51 *Reuben Mark, 62 Reuven M. Sacher Edward J. Filusch Betty M. Kong Chief Financial Officer VP, Research and Development Chairman of the Board and VP, Treasury VP, Technology Chief Executive Officer Joined Colgate in 1982 after Jeff Salguero Stephen J. Fogarty Yoshio Koshimura having been a Manager at VP, Advertising Production See biographical VP, Oral Care VP, Hill’s-Asia Pacific Price Waterhouse. Before being information, left. Derrick E.M. Samuel Chester P .W. Fong Andrea Lagioia named CFO in 1996, Mr. Patrick VP, South Asia Region *William S. Shanahan, 60 VP, Greater China VP, Colgate-Europe held a series of key financial posi- President Raffy L. Santos Abdul Gaffar Leo Laitem tions, including Vice President VP, Hawley & Hazel Taiwan Mr. Shanahan joined Colgate in VP, Growth Technology VP, Research and Development and Corporate Controller and 1965 and held a series of impor- Development Lim Kim Seng Daniel B. Marsili Vice President-Finance for tant positions in the United States VP, China VP, Colgate-U.S. Robert Galan Colgate-Latin America. and abroad. These include Vice VP, Philippines Paul Shapiro Robert R. Martin *Andrew D. Hendry, 53 President-General Manager for VP, Chief Patent Counsel President, e-Business Jill Garrity Senior Vice President, General the Western Hemisphere and VP, Colgate Oral Pharmaceuticals Counsel and Secretary *Ronald T. Martin James H. Shoultz Group Vice President for VP, Venezuela VP, Global Business Practices James J. Gerchow Joined Colgate in 1991 from Europe/Africa, Colgate-U.S. and VP, Colgate-Africa/Middle East and Public Affairs Unisys, where he was Vice other countries. He was elected Barry N. Simpson President and General Counsel. VP, Colgate-Asia Pacific Chief Operating Officer in 1989 Nina D. Gillman Steven G. Marton A graduate of Georgetown and President in 1992. VP, Legal President & COO Justin P Skala . University and NYU Law School, Hill’s Pet Nutrition VP, Hill’s-Europe *Lois D. Juliber, 52 Walter H. Golembeski Mr. Hendry has also been a Chief Operating Officer VP, Product Supply Chain *Michele C. Mayes Leonard D. Smith corporate attorney at a VP, Legal and Assistant Secretary VP, Global Supply Chain Ms. Juliber is responsible for Stefan S. Gorkin New York law firm and at Europe, Latin America, Asia, VP, Labor Relations Seamus E. McBride *Barrie M. Spelling Reynolds Metals Company South Pacific, Central Europe VP, Colgate-U.S. President, Global Oral Care David R. Groener (now part of Alcoa, Inc.). and Africa. She joined Colgate VP, Colgate-North America Charles F McGraw . Malcolm L. Stokoe Emilio Alvarez-Recio in 1988 from General Foods, VP, Colgate-North America VP, Caricom Region Karen Guerra VP, Advertising where she was Vice President. VP, France *Peter D. McLeod P Dorset Sutton . Before being promoted to her Charles W. Beck VP, Manufacturing Engineering VP, Southeast Asia Region John Guiney Retired VP Global Materials, , current position in 2000, she Technology VP, Colgate-Asia Pacific Logistics and Sourcing had been Executive Vice Presi- Richard F Theiler . Donna B. McNamara VP, Research and Development dent, Chief of Operations for Luis Gutierrez *Steven R. Belasco VP, Human Resources Developed Markets. Previously, VP, Central America VP, Taxation and Real Estate Bina H. Thompson she had been President of the Richard Mener VP, Investor Relations Jack J. Haber David P Bencze . Far East/Canada division, Chief VP, Germany VP, e-Business VP, Colgate-Europe Scott E. Thompson Technological Officer and Presi- Louis P Mignone . VP, Legal Tarek S. Hallaba Philip A. Berry dent of Colgate-North America. VP, Colgate-U.S. President, Central Europe VP, Global Employee Relations- Kathleen A. Thornhill *Javier G. Teruel, 50 & Russia Franck J. Moison Best Place to Work VP, Consumer Insights Chief Growth Officer President, Colgate-Europe Suzan F Harrison . Robert E. Blanchard Heiko Tietke Mr. Teruel is responsible for VP, Colgate-U.S. Francis A. Morelli VP, Global Toothbrush Division EVP, Colgate-Europe Global Business Development, VP, Global Systems Richard F Hawkins . John H. Bourne Edmund D. Toben R&D, Manufacturing, Informa- Vice Chairman Steven K. Morse VP, Colgate-North America Chief Information Officer tion Technology and Strategic Hill’s Pet Nutrition VP, Hill’s Pet Nutrition Planning. After joining Colgate Johannes C. Brouwer Joseph A. Uzzolina *Brian J. Heidtke Graeme B. Murray VP, Turkiye VP, Household Surface Care in Mexico in 1971, he advanced VP, Finance and Corporate VP, Canada through marketing and manage- Stuart D. Burkhead Daniel A. Vettoretti Treasurer ment positions in Latin America Robert A. Murray VP, Hill’s Pet Nutrition VP, Italy and at the corporate level. He VP, Corporate Communications Roland Heincke Nigel B. Burton J. Nicholas Vinke was appointed to his current VP, Colgate-Europe James A. Napolitano VP, United Kingdom & Ireland President, Colgate position in 2000, most recently VP, Hill’s Pet Nutrition Jean-Mathieu Hellich Oral Pharmaceuticals Antonio Caro having been President of VP, Colgate-Europe Jean-Marc Navez VP, Worldwide Sales Anthony R. Volpe Colgate-Europe and President *Dennis J. Hickey VP, Colgate-Asia Pacific VP, Research and Development of Colgate-Mexico. Peter C. Chase VP, Corporate Controller Rosemary Nelson VP, Personal Care Katherine S. Weida *Ian M. Cook, 48 VP, Colgate-U.S. Sheila A. Hopkins VP, Technology and Global Executive Vice President and Presi- James H. Clark VP, Colgate-U.S. Business Development Debra Nichols VP, Colgate-Africa/Middle East dent, Colgate-North America and VP, Hill’s Pet Nutrition William A. Houlzet *Robert C. Wheeler Colgate Oral Pharmaceuticals Michael A. Corbo VP, Argentina Chief Executive Officer Alan Nimmey VP, Colgate-Latin America Mr. Cook began his Colgate Hill’s Pet Nutrition VP, Technology Stuart A. Hulke career in the United Kingdom in Graeme D. Dalziel VP, Technology 1976 and held a series of market- Richard J. Wienckowski James Norfleet VP, Portugal VP, Hill’s Pet Nutrition ing and management positions VP, Research and Development John J. Huston S. Peter Dam in various countries. Appointed VP, Office of the Chairman David K. Wilcox Morgan J. O’Brien President, Colgate-Asia Pacific to his current position in 2000, VP, Technology VP, Colgate-Central N. Jay Jayaraman Edward C. Davis he most recently was President VP, Oral Care Europe & Russia Francis M. Williamson VP, Budget and Planning of Colgate-North America. VP, Colgate-Latin America Scott W. Jeffrey, Jr. Chris E. Pedersen Herbert L. Davis *Michael J. Tangney, 56 VP, Colombia VP, South Pacific Region Paul A. Witmond VP, Technology Executive Vice President and VP, Dominican Republic Malcolm Jones Robert C. Pierce President, Colgate-Latin America Alec de Guillenchmidt VP, Colgate-U.S. VP, Research and Development Gregory P Woodson . VP, Colgate-Europe Mr. Tangney joined Colgate in President, Fabric Care *Robert J. Joy Hans L. Pohlschroeder 1971 and held various U.S. and Coloman de Hegedus VP, Global Human Resources VP, Treasury Douglas R. Wright President, Colgate-Africa/ international management VP, Environmental Affairs, Jules P Kaufman . Roger M. Pratt Middle East positions in Latin America and Occupational Health and Safety VP, Legal VP, Brazil Europe. He was appointed to his Virginia M. Dotzauer current position in 2000, having Seng Aun Yeoh Patrick A. Keefe Ricardo Ramos VP, Hill’s Pet Nutrition VP, Malaysia most recently been President of VP, Global Security VP, Greece Hector I. Erezuma Colgate-Latin America and Julie A. Zerbe Robert G. Kirkpatrick Grace E. Richardson VP, International Taxes President of Colgate-Mexico. VP, Hill’s Pet Nutrition VP, Media VP, Consumer Affairs James E. Farrell, Jr. John E. Zoog Joy D. Klemencic Susan J. Riley VP, Legal VP, Human Resources VP, Hill’s Pet Nutrition VP, Financial Business Guillermo M. Fernandez Development Donald R. Klock VP, Mexico VP, Global Materials, Jill H. Rothman James S. Figura *Corporate Officer Logistics & Sourcing VP, Human Resources VP, Colgate-U.S. 39 39 39