By Colin Kellaher

Colgate-Palmolive Co. on Friday said it named Stanley Sutula chief financial officer, effective Nov. 9, plucking the executive from Pitney Bowes Inc.

The New York consumer-products company said Mr. Sutula succeeds Henning Jakobsen, who is retiring at the end of the year and will assume the role of senior vice president until then.

Mr. Sutula has been executive vice president and chief financial officer of Stamford, Conn., technology company Pitney Bowes since February 2017.

Mr. Jakobsen joined Colgate in 1989 and has been chief financial officer since May 2018.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

10-30-20 0836ET