Headquarters: 300 Park Avenue
New York, NY 10022
Phone: (212) 310-2000
CEO: Ian Cook
Stock Symbol: CL
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 2013, the company reported worldwide sales of $17.42 billion, up 4% from a year ago, and net income of $2.24 billion.
Ian Cook, Chief Executive Officer said, "Colgate's leading global market shares in toothpaste and manual toothbrushes remain strong at 44.9% and 32.8%, respectively, on a year-to-date basis. We continue to make great progress in mouthwash as well, with our global market share in that category reaching a record high at 17.0% year to date."
North America made up 18% of company sales, 20% in Latin America, 19% in Europe/South Pacific, 14% in Asia and 7% in Eurasia/Africa. Hill's Pet Nutrition products made up 13% of company sales.
In the U.S., new product launches are contributing to volume growth across categories. Market share gains year to date were seen in manual toothbrushes, powered toothbrushes, mouthwash, dish liquids and fabric conditioners. In toothpaste, the success of Colgate Optic White and Colgate Optic White Dual Action toothpastes helped drive market share for the Colgate Optic White brand to 5.3% year to date, up 0.2 share points versus year ago. Strong sales of Colgate Total, Colgate Max Fresh Cool Scrub, Colgate Sensitive SmartFoam with Whitening and Tom's of Maine toothpastes also contributed to volume growth in the quarter.
In manual toothbrushes, Colgate continued its brand market leadership with its market share in that category reaching a record 38.1% year to date, up 2.1 share points versus year ago. This success was driven by strong sales of Colgate 360° Optic White, Colgate 360° Total Advanced Floss Tip bristles, Colgate Extra Clean and Colgate Slim Soft manual toothbrushes.
Successful products driving volume growth in the U.S. in other categories include Colgate Total Advanced Pro-Shield and Colgate Optic White mouthwashes, Palmolive Soft Touch and Palmolive Lotus Blossom & Lavender dish liquids and Suavitel fabric conditioner.
Exciting new products planned for launch in first quarter 2014 include Colgate Optic White manual toothbrush + built-in whitening pen, Colgate Optic White Platinum Whiten and Protect toothpaste, Speed Stick Gear deodorants with new DryCore technology, Softsoap brand Décor Collection liquid hand soaps, Suavitel Fast Dry fabric conditioner and Palmolive Dish & Sink dish washing liquid.
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)
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
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.
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.
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)
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