Colgate-Palmolive CFO retires

NEW YORK — Stephen Patrick late Friday announced his retirement as CFO of Colgate-Palmolive, effective Jan. 1.

Patrick, who has been working with the company since 1982 and has been CFO for 14 years, will be succeeded by 33-year Colgate veteran Dennis Hickey, VP and corporate controller. Patrick will assume the role of vice chairman until March 2011.

"Colgate has greatly benefited from Steve's outstanding financial leadership," Colgate chairman and CEO Ian Cook said. "His strategic insights, keen financial understanding and vast Colgate knowledge have helped us advance our key financial performance measures to world class levels. We look forward to Dennis' financial leadership as CFO, utilizing his 33 years of Colgate experience and his proven capabilities as a financial leader."

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