Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 15, 2024, Matthew T. Farrell, Chairman and Chief Executive Officer of Church & Dwight Co., Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) that he will retire as President and Chief Executive Officer, effective as of March 31, 2025. Mr. Farrell will continue in his role as Chairman of the Board for a transition period.
On September 16, 2024, the Company announced that Richard Dierker was promoted to President and Chief Executive Officer of the Company to replace Mr. Farrell, effective March 31, 2025. Mr. Dierker will also join the Board as a director effective March 31, 2025. Prior to starting as Chief Executive Officer, Mr. Dierker will continue in his role as Executive Vice President, Chief Financial Officer and Head of Business Operations.
Mr. Dierker, 44, has been the Company’s Executive Vice President, Chief Financial Officer and Head of Business Operations since April 2022 and the Company’s Executive Vice President and Chief Financial Officer from January 2016 to April 2022. From 2012 to 2016, Mr. Dierker was the Company’s Vice President, Corporate Finance and from 2009 to 2012, Mr. Dierker led Supply Chain Finance as the Company’s Operations Controller. From 2008 to 2009, he held a senior financial management position at Alpharma, Inc., a leading international specialty pharmaceutical company. Prior to 2008, Mr. Dierker held financial and business development management positions for Ingersoll-Rand Ltd, a major diversified industrial manufacturer.
The Company will disclose the changes to Mr. Dierker’s compensation in connection with his appointment as Chief Executive Officer once approved by the Board. There was no arrangement or understanding between Mr. Dierker and any other persons pursuant to which Mr. Dierker was elected as a director or as Chief Executive Officer, and there are no related party transactions involving Mr. Dierker that are reportable under Item 404(a) of Regulation S-K.
Item 7.01 | Regulation FD Disclosure. |
On September 16, 2024, the Company issued a press release regarding the matters set forth above, a copy of which is furnished as Exhibit 99.1 hereto.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.