Colgate-Palmolive
Headquarters: 300 Park Avenue
New York, NY 10022
Phone: (212) 310-2000
Employees: 39,200
CEO: Ian Cook
Stock Symbol: CL
Website: http://www.colgate.com
Career Site
Colgate-Palmolive is a leading consumer products company known for its products 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, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill's Science Diet and Hill's Prescription Diet.
In 2011, the company reported worldwide sales of $16.73 billion, up 7.5% from a year ago, and net income of $2.43 billion.
Ian Cook, Chief Executive Officer said, "Colgate's global market shares in toothpaste and manual toothbrushes are both at record highs year to date. Colgate's share of the global toothpaste market strengthened to 44.3% year to date, up 0.3 share points versus year ago. Our global leadership in manual toothbrushes also strengthened during the quarter with Colgate's global market share in that category reaching 31.7% year to date, up 0.5 share points versus year ago."
Oral and personal care products in North America made up 18% of company sales, 28% in Latin America, 21% in Europe/South Pacific, and 20% in Asia/Africa. Hill's Pet Nutrition products made up 20% of company sales.
In the U.S., new product launches including Colgate Optic White and Colgate Sensitive Pro-Relief toothpastes and the relaunch of Colgate Total toothpaste are strengthening Colgate's leadership in toothpaste, with its share of that market reaching 35.9% year to date, up 0.6 share points versus year ago. Colgate's strength in toothbrushes also continued, driven by the success of Colgate 360° Optic White, Colgate 360° Sensitive Pro-Relief and Colgate 360° Surround manual toothbrushes.
Successful new products in the U.S. launched in other categories include Softsoap brand Pomegranate and Mango Infusions and Softsoap brand Coconut Scrub body washes and Palmolive Soft Touch with Vitamin E dish liquid. New introductions reaching store shelves now include Speed Stick Power deodorants, Irish Spring Clear & Fresh Skin body wash and Palmolive Fresh Sponge dish liquid.
History
In 1806 William Colgate opened a soapmaking business in New York called Colgate & Company. It was not until the 1830s that the company began selling individual bars in uniform weights. In 1872 Colgate introduced Cashmere Bouquet, a perfumed soap. In 1908 they sold their first tube of toothpaste.
In the Western United States, the B.J. Johnson Company was making a soap entirely of palm and olive oil. The soap was popular enough to rename their company after it - Palmolive.
A Kansas based soap manufacturer known as the Peet Brothers merged with Palmolive to become Palmolive-Peet. In 1928, Palmolive-Peet joined the Colgate Company to create the Colgate-Palmolive-Peet Company. In 1953 "Peet" was dropped from the company name, leaving only "Colgate-Palmolive Company". (Source: Wikipedia)
Benefits
Salary and Rewards
Colgate rewards success. The greater the success, the greater the reward. We proudly offer:
- Generous Salary and Vacation plus 14 holidays
- Bonuses and Recognition Awards
- Stock Ownership for all employees
Medical
For Colgate people and their families (including domestic partners), our medical plan options include Health Maintenance Organizations (HMOs), two Point-of-Service (POS) plans and a Prescription Drug Plan.
Dental
As the World Leader in Oral Care, Colgate is proud to offer employees an excellent dental program covering a wide range of services.
Flexible Spending Accounts
Colgate's Flexible Spending Accounts (FSAs) provide a tax-effective way to cover expenses for dependent care as well as for expenses not covered under healthcare or dental programs.
Disability
We offer two types of disability benefits:
- Short-Term: Full salary for up to 26 weeks
- Long-Term: Either 50%, 60% or 70% of earnings after 26 weeks up to age 65 (depending upon options selected)
Life Insurance
Colgate provides the following:
- Life Insurance for employees
- Life Insurance for employees' dependents
- Accidental Death and Dismemberment Insurance (AD&D)
- Travel Accident Insurance
- Option to purchase additional coverage at low group rates
Planning for the Future
To ensure Colgate People enjoy a secure, comfortable retirement, we offer three programs:
- 401 (k) with up to 70% matching company contribution
- Profit sharing based on business results
- Company-funded retirement plan
Additional Employee Programs
Our progressive work/life programs, which have helped Colgate earn recognition as a "Best Place to Work," include:
- Near-site back-up childcare centers
- Emergency in-home care for dependent children and adults
- Academic Advisory Services and Tuition Assistance
- Personal Service, including health & wellness, legal, and financial
- Counseling Services
- Relocation Assistance
Updated January 29, 2012
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