Noel R. Wallace has been the CEO of Colgate-Palmolive Company since 2019, following a robust career that spans over 35 years with the company. His journey took him through several leadership roles, including overseeing operations in Latin America and global...
Noel R. Wallace has been the CEO of Colgate-Palmolive Company since 2019, following a robust career that spans over 35 years with the company. His journey took him through several leadership roles, including overseeing operations in Latin America and global innovation. Wallace's total compensation in 2023 reached a remarkable $174 million, primarily driven by a significant bonus linked to the company’s performance. In a dramatic shift, he faced a drop in earnings in 2022, taking home only $2 million without any bonus or stock options, showcasing the swings in executive compensation tied to performance metrics. Amidst these changes, he's also placed a strong bet on long-term growth, riding on stock options valued at over $206,000 set to vest in 2024. As the chairman of the board, he emphasizes Colgate's commitment to sustainable practices and digital innovation. His expertise lies in balancing immediate profits with future growth, aligning performance-driven pay with strategic goals. Wallace’s leadership mirrors Colgate’s transformations, aiming for consistent shareholder returns while adapting to market demands.