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Colgate, RBC Director Leaves Boards After Cocaine Charges

  • Reinhard charged with drug possession, importation in Canada
  • Former Coca-Cola director was fired from Dow Chemical in 2007
Updated on

Joao Pedro Reinhard stepped down Thursday as a director of Colgate-Palmolive Co. and Royal Bank of Canada, two weeks after he was charged in Canada with possession of cocaine.

Reinhard, 70, who lives in Key Biscayne, Florida, was charged on Feb. 23 in Mississauga, west of Toronto, for unlawful importing and possession of cocaine under Canada’s Controlled Drugs and Substances Act, according to the Royal Canadian Mounted Police.