By Maria Armental
Kimberly-Clark Corp. (KMB) has hired Hillshire Brands Co.'s
former No. 2 as its chief financial officer.
Maria Henry, whose job was eliminated as part of Hillshire's
merger with Tyson Foods Inc. (TSN) last year, will take over the
post on April 27.
Kimberly-Clark's Chief Financial Officer Mark Buthman, 54 years
old, plans to retired by the end of the year. Mr. Buthman, who
worked at Kimberly-Clark for 33 years and held the CFO post since
2003, will retain the executive vice president title until he
retires.
The 48-year-old Ms. Henry will be paid a base salary of $750,000
a year.
Kimberly-Clark, best known for its Huggies diapers, is
restructuring operations. Last year, it spun off its health-care
unit, now Halyard Health Inc. (HYH). As part of that plan,
Kimberly-Clark said it would lay off between 1,100 and 1,300
workers.
Shares closed at $111.70 on Wednesday, up 6% over the past 12
months.
Write to Maria Armental at maria.armental@wsj.com
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