Kimberly-Clark Names Michael Hsu President, COO
November 16 2016 - 10:10AM
Dow Jones News
Kimberly-Clark Corp. named Michael D. Hsu as president and chief
operating officer.
Mr. Hsu joined the company in 2012 and heads Kimberly-Clark's
North American personal care and consumer tissue businesses. Before
joining the company he was chief commercial officer at Kraft
Foods.
The company said Mr. Hsu's appointment, which takes effect Jan.
1, was part of a long-term succession planning process.
Kimberly-Clark also said Elane Stock, group vice president of
its international business, intends to pursue opportunities outside
of the company. The three regional businesses—Asia-Pacific, Latin
America and Europe, the Middle East and Africa—will report directly
to Mr. Hsu, who will also take a seat on the company's board.
Kimberly-Clark said it plans to appoint a new group president
for North American consumer products "in the near future."
The maker of Kleenex tissues and Huggies diapers lowered its
financial forecasts in October, bracing for more quarters of
sluggish sales. Chief Executive Thomas Falk said at the time that a
pickup in sales wasn't imminent.
Shares, which have fallen 11% in the past three months, were
inactive premarket.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
(END) Dow Jones Newswires
November 16, 2016 09:55 ET (14:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Kimberly Clark (NYSE:KMB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kimberly Clark (NYSE:KMB)
Historical Stock Chart
From Apr 2023 to Apr 2024
