Matt Farrell to be Promoted to Church & Dwight CEO in 2016
May 07 2015 - 6:45AM
Business Wire
Jim Craigie to Continue as Non-Executive
Chairman
The Board of Directors of Church & Dwight Co., Inc.
(NYSE:CHD) today announced that, effective January 1, 2016, James
R. Craigie will retire from the position of Chief Executive
Officer. He will continue serving as non-executive Chairman and a
member of the board. Matthew T. Farrell, the Chief Operating
Officer and Chief Financial Officer, will be promoted to Chief
Executive Officer and elected to the company’s Board of
Directors.
“Jim Craigie has served as CEO since he joined the company in
2004 and as chairman and CEO since 2007. Jim has done a superb job
throughout his tenure, growing the business with a focus on new
product innovation, accretive acquisitions, and total shareholder
return. Jim has assembled an excellent management team and the
Company is well-positioned for the future,” said Robert D. LeBlanc,
the lead director of the board. “I’m very pleased that the board
and management’s focus on succession planning have enabled us to
have such a well-respected leader as Matt ready to fill the CEO
role, and that we have the opportunity to have an orderly
transition in our leadership while Jim continues on the Board.”
“Matt Farrell has been our Chief Financial Officer since he
joined the company in 2006 and has held the position of Chief
Operating Officer since November 2014. I have worked very closely
with Matt for the past eight years and know that he is exactly the
right person to be our next CEO,” Craigie said. “Matt has the
strategic thinking, leadership ability, and devotion to execution
necessary to lead Church & Dwight into the future.”
“I am honored to have the opportunity to lead this great company
and continue our strategy of creating shareholder value through
innovation and accretive acquisitions,” Farrell said. “Church &
Dwight people possess a unique blend of creativity, initiative, and
work ethic. We have a veteran leadership team and terrific brands.
This is a winning formula for employees, consumers, and
shareholders and gives me great confidence in our future
success.”
Church & Dwight Co., Inc.Rick Dierker, 609-806-1900
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