Colgate-Palmolive board approves expansion of SGPP

Building on the company’s successful implementation of the Strategic Growth and Productivity Program to date, on April 30, the company’s Board of Directors approved an expansion of the SGPP to continue to align the company’s operations to drive future growth and support the company’s 2030 strategy. The company still expects substantially all of the charges to be incurred by December 31, 2028. As a result of the expansion, cumulative pretax charges related to the SGPP, once all projects are approved and implemented, are now estimated to be $350M-$550M, increased from $200M-$300M. Cumulative pretax savings are projected to be $200M-$300M, annually, once all projects are approved and implemented.