Kimberly-Clark Corporation announced that its Board of Directors has named Michael D. Hsu CEO, effective January 1, 2019. Hsu will continue to serve as a member of the company's Board of Directors. Hsu has served as Kimberly-Clark's President and Chief Operating Officer since January 1, 2017. Before that, he oversaw the company's nearly $8 billion North American Personal Care and Consumer Tissue businesses.
Hsu succeeds Thomas J. Falk, who has served as CEO since 2002 and Chairman of the Board of Directors since 2003. Falk will become Executive Chairman of the Kimberly-Clark Board of Directors to help ensure a smooth transition.
Falk led the creation of the company's Global Business Plan, which prioritizes growth opportunities and applies greater financial discipline to operations. The plan was launched in mid-2003 and has allowed the company to generate sustainable growth and shareholder returns. As CEO, Falk also strengthened the company's culture, diversity and commitment to sustainability around the world.
Prior to joining Kimberly-Clark in 2012, 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.
Kimberly-Clark Corporation is an American multinational personal care corporation that produces mostly paper-based consumer products.
