Kimberly-Clark Corporation (K-C) 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 CEO 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. The company expects to name a new group president of North American Consumer Products in the near future.
Kimberly-Clark Corporation is an American multinational personal care corporation that produces mostly paper-based consumer products.
