Colgate Elects Stephen I. Sadove To Board of Directors

New York, New York,- Colgate-Palmolive Company (NYSE:CL) announced today that Stephen I. Sadove, Chairman and Chief Executive Officer of Saks, Inc., has been elected to Colgate’s Board of Directors.

Mr. Sadove, 55, brings extensive business leadership experience and a strong marketing and consumer products background to the Colgate Board. He joined the management team of Saks as Vice Chairman in 2002 and was named Chief Operating Officer in 2004 and CEO in 2006. A member of the Saks Board of Directors since 1998, Mr. Sadove was elected Chairman in May.

Mr. Sadove’s strong consumer products experience began in 1975 at General Foods USA, where he held various positions of increasing responsibility, including Executive Vice President and General Manager of the Desserts Division. He joined Bristol-Myers Squibb Company in 1991 as President of Clairol in the United States and later gained additional responsibility for the consumer businesses in Canada, Europe, the Middle East, Africa, and Latin America. In 1996, he was named President of Bristol-Myers Squibb’s worldwide beauty care business and was later named a senior vice president with additional responsibility for Mead Johnson Nutritionals.

Mr. Sadove is a graduate of Hamilton College and holds an MBA with distinction from Harvard Business School.