The Board of Directors of Church & Dwight Co., Inc. (NYSE: CHD) has announced that, following a unanimous vote, Richard Dierker, a seasoned leader with 15 years at the company, will ascend to the role of President and CEO, effective March 31, 2025. He will also join the Board of Directors. Until then, current CEO Matthew Farrell will remain in his position and continue as Chairman of the Board during the transition.
Ravi Saligram, Lead Director of the Board, praised Farrell for his people-centered leadership and integrity. Under his guidance, the company’s market cap more than doubled to surpass $25 billion, powered by forward-thinking acquisitions and innovative brand strategies. “Matt has woven a lasting influence into the fabric of Church & Dwight, and we are deeply appreciative of his remarkable achievements,” Saligram said.
Saligram also expressed confidence in Dierker’s upcoming leadership. Having worked alongside Farrell for the past decade as CFO and Head of Operations, Dierker has been instrumental in shaping the company’s strategy and driving its operational success. “Rick has a gift for identifying core challenges and transforming ideas into action. His steady hand and deep rapport with both colleagues and investors make him the ideal person to steer Church & Dwight’s next chapter,” Saligram added.
Reflecting on the leadership transition, Farrell stated, “Rick and I have worked closely for 15 years, and I know he is uniquely equipped to lead the company forward. His sharp strategic vision and commitment to execution will keep the company’s momentum alive. I’m grateful to the Church & Dwight team for always pushing the boundaries of innovation and putting consumers at the heart of everything.”
Dierker expressed excitement about his future role, saying, “I’m honored to lead such an extraordinary company and continue driving value for our shareholders. The team here embodies a blend of creativity, determination, and curiosity that fuels our success. With our strong brands and talented workforce, I’m optimistic about the road ahead for employees, consumers, and shareholders alike.”
About Church & Dwight
Church & Dwight Co., Inc., founded in 1846, is the leading U.S. producer of sodium bicarbonate, popularly known as baking soda. The Company manufactures and markets a wide range of personal care, household, and specialty products under recognized brand names such as ARM & HAMMER®, OXICLEAN®, VITAFUSION®, BATISTE®, WATERPIK®, THERABREATH® and HERO®. These seven key brands represent approximately 70% of the Company’s products sales
