Kimberly-Clark Appoints New President and COO
Kimberly-Clark Corporation named Michael D. Hsu, currently group president North American Consumer Products, 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.
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.
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.