Kimberly-Clark (K-C) has appointed Michael D. Hsu as chief executive as of 1 January 2019.
Hsu has served as K-C’s president and chief operating officer since 1 January 2017 and will continue to serve as a member of the company’s board of directors.
Before that, he oversaw the company’s nearly $8bn North American Personal Care and Consumer Tissue businesses.
Hsu succeeds Thomas J. Falk who has served as chief executive since 2002 and chairman of the board of directors since 2003.
Falk will become executive chairman of the K-C board of directors to help ensure a smooth transition.
Falk led the creation of the company’s Global Business Plan, which prioritised growth opportunities and applies greater financial discipline to operations.
Prior to joining K-C in 2012, Hsu was executive vice president and chief commercial officer at Kraft Foods. Before Kraft, he spent six years at H.J. Heinz.