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.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Colgate-Palmolive CEOs

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Noel R. Wallace

CEO of Colgate-Palmolive

Education

Bachelor's degree from the University of Florida.

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1964 - 61 years ago

CEO of Colgate-Palmolive for

6 years 1 month (Apr 2019 - Present)

Previous Experience

Chief Operating Officer, Global Innovation & Growth and Hill's Pet Nutrition; President, Colgate-Latin America; President, North America and Global Sustainability.

Rivals

Competitors/colleagues of Noel R. Wallace

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James Quincey

CEO of Coca-Cola

2023 Compensation

Stock

$43.34M

Salary

$1.60M

Bonus

$0.00

Other

$625.06K

Total Holdings

$90.50M

P

Jon R. Moeller

CEO of Procter & Gamble

2022 Compensation

Stock

$0.00

Salary

$1.60M

Bonus

$4.71M

Other

$0.00

Total Holdings

$55.56M

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Dirk Van de Put

CEO of Mondelez International

2023 Compensation

Stock

$23.62M

Salary

$1.55M

Bonus

$4.42M

Other

$923.66K

Total Holdings

$74.54M

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Benno Dorer

CEO of Clorox

2022 Compensation

Stock

$0.00

Salary

$740.00K

Bonus

$1.26M

Other

$0.00

Total Holdings

$25.02M

I

Jean Madar

Founder and CEO of Inter Parfums

2022 Compensation

Stock

$0.00

Salary

$1.23M

Bonus

$0.00

Other

$0.00

Total Holdings

$859.84M

I

Patrick Choël

CEO of Inter Parfums

2022 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$547.34K

Holdings

See how much did Noel R. Wallace make over time.

Noel R. Wallace's investment in Colgate-Palmolive shows both belief and strategy. His stock options, worth over $206,000, are tied to his vision for the company’s future, set to vest by 2024. This indicates he's invested in the long game. Compellingly,...

Noel R. Wallace's investment in Colgate-Palmolive shows both belief and strategy. His stock options, worth over $206,000, are tied to his vision for the company’s future, set to vest by 2024. This indicates he's invested in the long game. Compellingly, in 2022, he had no stock options or bonuses, earning a mere $2 million, a stark contrast to his 2023 compensation of $174 million. This year, his strong financial strategies paid off, translating into massive bonuses that show significant upward movement in his earnings. His wealth fluctuates with Colgate's market performance, with past years like 2020 highlighting similar themes of performance-linked pay in high-stakes corporate environments. This showcases both risk and potential reward based on strategic decisions and company direction.

Total Stock Sold

$110.79M

CL

$110.79M

1,552,640 CL shares

What if they kept their stock?

If Noel R. Wallace didn't sell their stock, today they would have:
Extra CL1,552,640 shares worth $109.03M.
This is -1.59% and $1.76M less than what they got when they sold the stock.

Charitable Transactions

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52,047 shares

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Recent Charitable Transactions

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52,000 shares

CL

Dec 31, 2021

Charity

CL

6 shares

CL

Dec 31, 2018

Charity

CL

28 shares

CL

May 14, 2018

Charity

CL

2 shares

CL

Nov 10, 2017

Charity

CL

5 shares

CL

Dec 31, 2015

Charity

CL

3 shares

CL

Dec 31, 2011

Charity

Insider Trading

See recent insider trades of Noel R. Wallace.

CL

20,689 shares

CL

Sep 12, 2024

Received

CL

$8.40M

CL at $84.21/share

Feb 15, 2024

Sale

CL

56,616 shares

CL

Feb 15, 2024

Received

CL

$4.16M

CL at $83.15/share

Feb 12, 2024

Sale

CL

28,148 shares

CL

Sep 13, 2023

Received

CL

$3.57M

CL at $73.37/share

Sep 11, 2023

Sale

CL

$4.03M

CL at $80.66/share

May 8, 2023

Sale

CL

45,461 shares

CL

Feb 16, 2023

Received

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$4.20M

CL at $81.27/share

Aug 4, 2022

Sale

CL

$3.97M

CL at $79.34/share

Jun 6, 2022

Sale

Compensation History

See how much did Noel R. Wallace make over time.

In 2023, Noel R. Wallace's total compensation jumped to a staggering $174 million. This figure includes a $1.475 million base salary and a bonus of $4.7 million based on Colgate-Palmolive's strong performance metrics, equating to 315% of his salary. Surprising for an executive, he had no stocks that vested this year, focusing instead on performance-based compensation. The philosophy at Colgate emphasizes a pay-for-performance model, where bonuses vary significantly based on the achievement of strategic goals like organic sales growth. This approach underlines the connection between individual leadership and overall company success, reflecting the dynamics of corporate earnings in competitive markets. In 2022, his compensation dropped drastically to just $2 million, indicating that fluctuating market conditions directly impact executive pay, reinforcing a model that seeks to attract and retain talent while aligning with corporate objectives.

Year

2023

Total Compensation

$7.13M

Salary

$1.48M

Board Justification

The compensation philosophy emphasizes aligning pay with performance, driving strong business results, and focusing on long-term shareholder returns, with a significant portion of compensation being performance-based.

Bonus

$4.73M

Board Justification

The annual cash bonus for Mr. Wallace equaled 315% of his year-end salary, reflecting strong performance against financial and strategic goals in 2023.

Other

$929.86K

Board Justification

This includes contributions to the Savings & Investment Plan, allocations to the Supplemental Savings & Investment Plan, and the value of company-paid life insurance premiums.

Restricted Stock

$0.00(0 PBRSUs)

Board Justification

No stock was vested in 2023 as the focus was on performance-based restricted stock units (PBRSUs) and stock options, which have not yet vested.

Performance Metrics

The performance metrics for 2023 included Base Business Earnings Per Share, organic sales growth, and strategic initiatives.

Other Colgate-Palmolive CEOs

Here are other CEOs of Colgate-Palmolive

Ian Cook

Ex-CEO of Colgate-Palmolive

July 2007 - April 2020