Kimberly-Clark Corporation has appointed Michael D. Hsu as the company’s president and chief operating officer (COO), effective 1 January 2017.
Mr Hsu, who is currently group president of North American Consumer Products, will join the company’s board of directors, and be accountable for the day-to-day operations of Kimberly-Clark’s business units, along with the company’s global innovation, marketing and supply chain functions.
“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,” stated the company.
Thomas J. Falk to remain CEO
Thomas J. Falk will remain chief executive officer and chairman of the board and continue to lead and manage Kimberly-Clark at the enterprise level. Hsu and the company’s finance, legal and human resources functions will report to Falk.
[quote]”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,” Mr Falk said. “I’m excited to work closely with Mike in his new role as we continue to execute our long-range global business plan.” [/quote]
Kimberly-Clark to change organisation structure
Kimberly-Clark is also evolving its organisation structure following the departure of Elane Stock, group president of Kimberly-Clark International .
The company’s three regional businesses in Asia-Pacific, Latin America and Europe, the Middle East and Africa, as well as Kimberly-Clark North America and Kimberly-Clark Professional, will report directly to Hsu.
[quote]”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 Mr Hsu. [/quote]
Hsu joined Kimberly-Clark in November 2012 and currently oversees the company’s nearly $8 billion North American Personal Care and Consumer Tissue businesses.
[quote]“Since joining Kimberly-Clark, he has reinvigorated the North American business, delivering excellent financial performance, improved market shares and strong innovation, marketing and sales execution,” added the company. [/quote]
The company said it expects to name a new group president of North American Consumer Products in the near future.