Kimberly-Clark announces executive changes
DALLAS — Kimberly-Clark has announced the appointment of former Kraft Foods executive Michael Hsu as president of North America consumer products, succeeding Robert Abernathy, who announced his intent to retire after more than 30 years with the company.
Abernathy will remain with K-C through 2013 to oversee the European strategic changes announced last month in K-C's earnings call. Abernathy and Hsu will report to chairman and CEO Thomas Falk.
"We have a great team in place to continue our growth momentum across our consumer categories and drive our business plan strategies across the globe," Falk stated. "Robert leaves a strong legacy in our personal care and family care businesses in North America and Europe. Michael brings proven strategic, operational and innovation experience to build upon our strong consumer business. I'm thrilled to have someone with Mike's track record of delivering results and deep consumer products background join our team."
Hsu joins K-C from Kraft Foods, where he most recently served as EVP and chief commercial officer. In his four-year tenure at Kraft, he also served as president of their grocery business unit and president of sales, customer marketing and logistics. Prior to joining Kraft, he spent six years in senior executive positions at H.J. Heinz. He also had a 10-year career as a consultant with Booz Allen & Hamilton, rising from associate to partner.
Abernathy joined Kimberly-Clark in 1982 as a research scientist and later held management positions in the company's diaper and tissue operations. He served in plant manager positions at Beech Island, S.C., and Jenks, Okla., before being named VP diaper operations in 1992. He was elected managing director for Kimberly-Clark Australia the following year. In 1996, he was elected group president of Kimberly-Clark, appointed group president of business-to-business in 1998, named president of developing and emerging markets in 2004 and named group president of North Atlantic consumer products in 2008.