Accelerating Global Growth
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Colgate-Palmolive Company 2005 Annual Report 300 Park Avenue New York, NY 10022-7499 Accelerating Global Growth Shareholder Information Corporate Offices Independent Registered Public Accounting Firm Colgate-Palmolive Company PricewaterhouseCoopers LLP 300 Park Avenue Communications to the Board of Directors New York, NY 10022-7499 (212) 310-2000 Shareholders and other interested parties are encouraged to communicate directly with the Company’s independent directors by sending an e-mail to Annual Meeting [email protected] or by writing to Directors, c/o Office of the General Colgate shareholders are invited to attend our annual meeting. It will be Counsel, Colgate-Palmolive Company, 300 Park Avenue, 11th Floor, New on Thursday, May 4, 2006 at 10:00 a.m. in the Broadway Ballroom of the York, NY 10022-7499. Shareholders and other interested parties may also Marriott Marquis Hotel, Sixth Floor, Broadway at 45th Street, New York, NY. communicate with individual independent directors and committee chairs Even if you plan to attend the meeting, please vote by proxy. You may do by writing to them at the above mailing address, in care of the Office of so by using the telephone, the internet or your proxy card. the General Counsel. Under procedures established by the Company’s independent directors, each letter and e-mail sent in accordance with Stock Exchanges these instructions is reviewed by the Legal Department and, unless such The common stock of Colgate-Palmolive Company is listed and communications fall within certain categories (which are listed on the Colgate-Palmolive Company 2005 Annual Report traded on The New York Stock Exchange under the symbol CL “Contact the Board” page at www.colgate.com), distributed to all of the and on other world exchanges including Frankfurt, London, independent directors or to individual directors, as appropriate, with Zurich and Euronext. copies to the Office of the Chairman. SEC and NYSE Certifications Investor Relations/Reports The certifications of Colgate’s Chief Executive Officer and Chief Financial Copies of annual reports, press releases, company brochures, Forms 10-K Officer, required under Section 302 of the Sarbanes-Oxley Act of 2002, and other publications are available without charge from the Investor have been filed as exhibits to Colgate’s 2005 Annual Report on Form 10-K. Relations Department: In addition, in 2005 Colgate’s Chief Executive Officer submitted the annual I by mail directed to the corporate address certification to the NYSE regarding Colgate’s compliance with the NYSE I by e-mail, [email protected] corporate governance listing standards. I by calling 1-800-850-2654 or by calling Investor Relations at Financial information, such as financial results, dividend news and (212) 310-2575 SEC filings, is available on Colgate’s internet site: www.colgate.com Individual investors with other requests: Colgate also offers earnings information, dividend news and other corpo- I please write Investor Relations at the corporate address or rate announcements toll-free at 1-800-850-2654. The information can be I call (212) 310-2575 read to the caller and can also be received by mail or fax. Institutional Investors: Transfer Agent and Registrar I call Bina Thompson at (212) 310-3072 Our transfer agent can assist you with a variety of shareholder services, Other Reports including change of address, transfer of stock to another person, ques- You can obtain a copy of Colgate’s Environmental tions about dividend checks and Colgate’s Direct Stock Purchase Plan: Policy Statement, Code of Conduct, Advertising The Bank of New York Placement Policy Statement, Product Safety Shareholder Relations Department Research Policy, 2005 Report of Laboratory P.O. Box 11258 Research with Animals or Colgate: Respecting The Church Street Station World Around Us – Living Our Values For Sustain- New York, NY 10286 ability by writing to Consumer Affairs at Colgate- 1-800-756-8700 or (212) 815-3700 Palmolive Company, 300 Park Avenue, New York, E-mail: [email protected] NY 10022-7499. Internet address: www.stockbny.com Consumer Affairs Hearing impaired: TDD: 1-888-269-5221 For Oral, Personal and Home Care Direct Stock Purchase Plan 1-800-468-6502 Colgate offers a Direct Stock Purchase Plan. The Plan includes dividend For Hill’s Pet Nutrition reinvestment options, offers optional cash investments by check or auto- 1-800-445-5777 matic monthly payments as well as many other features. If you would like Corporate Communications to learn more about the Plan or to enroll, please contact our transfer (212) 310-2199 agent, The Bank of New York, at the number above to request a Plan brochure and the forms needed to start the process. I Connecting With Consumers I Strengthening Partnerships Printed entirely on recycled paper Major photography by Richard Alcorn I Focusing On Innovation © 2006 Colgate-Palmolive Company Other photos by Tom Ferraro, Michael Little Design by Robert Webster Inc. (RWI), www.rwidesign.com and Freddie Wiss I Increasing Efficiency Printing by Acme Printing Company Typography by Grid Typographic Services, Inc. I Working As One Global Team Excellent Sales and Your Management Team Unit Volume Growth Worldwide *Reuben Mark, 67 *Andrew D. Hendry, 58 James S. Figura Betty M. Kong Reuven M. Sacher Chairman of the Board and Senior Vice President, General VP, Colgate-U.S. VP, Quality VP, Research & Development, Chief Executive Officer Counsel and Secretary *Edward J. Filusch Yoshio Koshimura Oral Care See biographical information, left. Joined Colgate in 1991 from VP & Corporate Treasurer VP & GM, Hill’s Pet Nutrition- Jeff Salguero *Ian M. Cook, 53 Unisys, where he was Vice Stephen J. Fogarty Asia Pacific VP, Advertising Production President and President and General Counsel. VP, Worldwide Shopper Marketing Andrea Lagioia Derrick E.M. Samuel A graduate of Georgetown Chief Operating Officer Chester P.W. Fong VP & GM, Colgate-South Pacific President, Global Technology University and NYU Law School, Mr. Cook is responsible for all VP, Colgate-Greater Asia Leo Laitem Raffy L. Santos Growth Highlights of Five Divisions Mr. Hendry has also been a Colgate operating divisions, Global VP, Research & Development, VP & GM, Hawley & Hazel Taiwan corporate attorney at a New York E. Renee Franklin (% of sales) Business Development, Global Home Care law firm and at Reynolds Metals VP, Human Resources, Scott Sherwood Sales and Global Advertising. I Company (now part of Alcoa, Global Technologies Irene Lin VP & GM, Colgate-Portugal North America Sales and unit volume grew Mr. Cook joined Colgate in the Inc.). Robert E. Frazier VP, Global Human Resources Phil Shotts 8.0% and 6.5%, respectively, United Kingdom in 1976 and VP, Colgate-Latin America William H. Lunderman VP & Assistant Corporate served as the Marketing Director Mitchell Abrahamsen excluding the divested heavy- VP, Strategic Brand Design Controller of Colgate-Philippines, General VP, Hill’s Pet Nutrition Abdul Gaffar 22% duty detergent business in Manager of the Dominican Esmond Alleyne VP, Growth Technology *Daniel B. Marsili James H. Shoultz North America. Republic, General Manager of VP, Global Information Development VP, Global Human Resources VP & GM, Colgate-Germany I Colgate expanded its Number Dollars in Millions Except Per Share Amounts Colgate’s Nordic Group and Technology *Fabian Garcia *Ronald T. Martin Barry N. Simpson One position in the U.S. tooth- Executive Vice President, Marketing President, Colgate-Greater Asia VP, Global Business Practices & VP, Global Information † Todd Atwood 2005* 2004 Change paste market to a record 35.3% of Colgate-U.S. In addition, VP, Colgate-Latin America Peggy Gerichter Corporate Social Responsibility Technology Mr. Cook has been President of market share. David P. Bencze VP & GM, Colgate-Central *Seamus E. McBride P. Justin Skala Colgate-U.S. and President of I Sales and operating profit VP, Colgate-North America American Region President, Colgate U.S. President, Hill’s Pet Nutrition- Unit Volume, Excluding North America with additional & Worldwide Commercial North America Andrea Bernard Nina D. Gillman increased 5.5% and 3%, respec- responsibilities for Colgate Oral Effectiveness Divested Businesses +6.5% VP, Senior Associate General VP, Senior Associate General Michael Sload tively, as higher sales were par- Pharmaceuticals and the Counsel, Corporate Assistant Donna B. McNamara VP & GM, Oral Care, Colgate-U.S. Worldwide Sales $11,396.9 $10,584.2 +7.5% Caribbean. In October 2002 Counsel, Marketing & Trademarks tially offset by an increased level Secretary VP, Global Human Resources Coleen Smith Gross Profit Margin 54.4% 55.1% –70 basis points of advertising and higher raw Mr. Cook was appointed Executive *Philip A. Berry Vice President responsible for VP, Global Workplace Initiatives Stefan S. Gorkin Beth McQuillan VP, Global Human Resources $ 2,215.0 $ 2,122.1 +4% and packaging material costs. VP, Global Labor Relations VP, Global Marketing Counsel, Operating Profit Colgate-North America and Joseph M. Bertolini Leonard D. Smith Personal Care Operating Profit Margin 19.4% 20.0% –60 basis points Europe. He was appointed to Chief VP, Colgate-North America Peter Graylin VP, Finance, Global Supply Chain Latin America I Unit volume grew 7.5%, VP, Division General Counsel, Maria Fernanda Mejia Operating Officer in July 2004 and Mauricio Boscan Rick Spann Net Income $ 1,351.4 $ 1,327.1 +2% Colgate-Greater Asia VP, Colgate-Europe/South Pacific excluding divestments. appointed President and Chief VP, Division General Counsel- VP, Global Toothbrush Supply I Percent to Sales 11.9% 12.5% –60 basis points Sales and operating profit Operating Officer in July 2005. Latin America Tom Greene Richard Mener Chain VP, Global Information President, Colgate-Africa/Middle Diluted Earnings Per Share $ 2.43 $ 2.33 +4% increased 16.0% and 11%, *Javier G. Teruel, 55 Peter Brons-Poulsen Paul Stoneham Technology East Division respectively. Vice Chairman VP & GM, Nordic Group President, Global Business Dividends Paid Per Share $ 1.11 $ 0.96 +16% David R.