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DALLAS — Kimberly-Clark Corp. has promoted Michael Hsu, group president for North American consumer products, to president and chief operating officer.
Michael Hsu
Kimberly-Clark said Hsu is slated to join the board of directors effective Jan. 1. Thomas Falk will remain the company’s chairman and chief executive officer.
“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,” Falk said in a statement. “I’m excited to work closely with Mike in his new role as we continue to execute our long-range global business plan.”
Hsu will be responsible for the day-to-day operations of Kimberly-Clark’s business units, along with its global innovation, marketing and supply chain functions. Hsu and the company’s finance, legal and human resources functions will report to Falk.
“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 Hsu.
Thomas Falk
Hsu joined Kimberly-Clark in November 2012 and currently oversees the company’s nearly $8 billion North American personal care and consumer tissue businesses.
Before joining Kimberly-Clark, Hsu was executive vice president and chief commercial officer at Kraft Foods. Before that, he spent six years at H.J. Heinz, holding the position of vice president of marketing for Ore-Ida and Frozen Meals and later as president of 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 reported that it’s also changing its organizational structure to reflect the scale and importance of its international businesses. To that end, three regional businesses in Asia-Pacific; Latin America; the Europe, the Middle East and Africa region; Kimberly-Clark North America; and Kimberly-Clark Professional will report directly to Hsu.
The company also announced the departure of Elane Stock, group president of Kimberly-Clark International, and said it expects to name a new group president of North American consumer products soon.
