DALLAS, Nov. 16, 2016 /PRNewswire/ -- Kimberly-Clark
Corporation (NYSE: KMB) today announced that Michael D. Hsu, currently group president North
American Consumer Products, has been named to the role of president
and chief operating officer (COO) and will join K-C's board of
directors, effective January 1,
2017.
The appointment of Hsu as president and COO is part of a
long-term executive leadership development and succession planning
process to ensure Kimberly-Clark's continued success. Thomas J. Falk will remain chief executive
officer and chairman of the board and continue to lead and manage
K-C at the enterprise level.
Hsu will be accountable for the day-to-day operations of K-C's
business units, along with the company's global innovation,
marketing and supply chain functions. Hsu and the company's
finance, legal and human resources functions will report to
Falk.
"Mike is an outstanding leader with a passion for our business.
He has a long track record of building great teams and delivering
strong results at K-C and elsewhere in the consumer packaged goods
industry," said Falk. "I'm excited to work closely with Mike in his
new role as we continue to execute our long-range Global Business
Plan."
K-C is also evolving its organization structure to recognize the
scale and importance of its international businesses.
Accordingly, K-C's three regional businesses in Asia-Pacific, Latin
America, and Europe, the
Middle East and Africa, as well as K-C North America and K-C
Professional, will report directly to Hsu. Elane Stock, group president of K-C
International, has announced her intention to pursue opportunities
outside of K-C, and the company wishes her continued success. The
company expects to name a new group president of North American
Consumer Products in the near future.
"I'm excited to continue to work with Tom, the senior executive
team and employees throughout Kimberly-Clark to deliver long-term
shareholder value as we lead the world in providing essentials for
a better life," said Hsu.
Hsu joined Kimberly-Clark in November
2012 and currently oversees the company's nearly
$8 billion North American Personal
Care and Consumer Tissue businesses. Since joining K-C, he has
reinvigorated the North American business, delivering excellent
financial performance, improved market shares and strong
innovation, marketing and sales execution.
Prior to joining K-C, Hsu was executive vice president and chief
commercial officer at Kraft Foods. Before Kraft, he spent six years
at H.J. Heinz, holding the positions of vice president, marketing
for Ore-Ida and Frozen Meals, and later as president for
Foodservice. He launched his career in the consumer products
industry as a consultant with Booz
Allen & Hamilton, where he rose to partner in the firm's
consumer practice.
He holds a bachelor's degree from Carnegie-Mellon University and an MBA from the
University of Chicago. He and his wife
will relocate to Dallas.
About Kimberly-Clark
Kimberly-Clark (NYSE: KMB) and its well-known global brands are
an indispensable part of life for people in more than 175
countries. Every day, nearly a quarter of the world's population
trust K-C's brands and the solutions they provide to enhance their
health, hygiene and well-being. With brands such as Kleenex, Scott,
Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or
No. 2 share positions in 80 countries. To keep up with the latest
K-C news and to learn more about the Company's 144-year history of
innovation, visit www.kimberly-clark.com or follow us on Facebook
or Twitter.
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SOURCE Kimberly-Clark Corporation