DALLAS - Kimberly-Clark Corporation (NYSE: NYSE:KMB), a leading global player in consumer-packaged goods, has announced a significant change in its leadership team.
Patricia Corsi is set to join the company as Chief Growth Officer (CGO), effective July 1, 2024. She will be taking over from Alison Lewis, who is retiring after a 35-year tenure in the consumer products sector, including the last five years with Kimberly-Clark. Lewis will continue in an advisory capacity until September 1, 2024, to facilitate a seamless transition.
Corsi's appointment follows her successful stint at Bayer (OTC:BAYRY) Consumer Health, where she held the role of Chief Marketing, IT and Digital Officer. Her achievements include steering the company's margin accretive innovation pipeline, which resulted in new products driving the majority of Bayer Consumer Health's sales growth over five years.
In the previous year, Corsi earned accolades as one of the Top Chief Marketing Officers by Cannes Lions, was inducted into the World Advertising Federation Marketer of the Year Hall of Fame, and was recognized as an Adweek Brand Genius.
Mike Hsu, Chairman and CEO of Kimberly-Clark, expressed his enthusiasm about Corsi joining the team, highlighting her robust marketing and general management expertise, as well as her proven ability to deliver results for leading brands across diverse industries and regions. Hsu is optimistic about Corsi's potential to accelerate the company's brand and commercial programs, thereby enhancing long-term growth and shareholder value.
As Lewis prepares to depart, her legacy is celebrated for strengthening consumer-centric brands and commercial capabilities at Kimberly-Clark, setting the stage for the company's future growth. Hsu acknowledged her as a beloved leader who has made a significant impact on the business.
Corsi shared her excitement about joining Kimberly-Clark during a pivotal time of strategic transformation and growth. She looks forward to collaborating with the leadership team to continue making a positive impact on consumers worldwide through Kimberly-Clark's portfolio of iconic brands.
Kimberly-Clark, known for its trusted brands like Huggies and Kleenex, operates in over 175 countries. The company is recognized for its sustainable practices, community support, and long-term business success, and has been named one of the World's Most Ethical Companies by Ethisphere for five consecutive years and one of Fortune's Most Innovative Companies in America in 2024.
This leadership transition is based on a press release statement from Kimberly-Clark Corporation.
InvestingPro Insights
As Kimberly-Clark Corporation (NYSE: KMB) welcomes Patricia Corsi as its new Chief Growth Officer, the company's financial health and market performance continue to be areas of interest for investors. With a market capitalization of $45.49 billion and a reputation for consistent dividend growth, Kimberly-Clark stands out as a robust player in the consumer-packaged goods industry. Notably, the company has raised its dividend for 51 consecutive years, a testament to its financial stability and commitment to shareholder returns.
InvestingPro data indicates that Kimberly-Clark is trading at a price-to-earnings (P/E) ratio of 24.74, reflecting market confidence in its earnings potential. Adjusted for the last twelve months as of Q1 2024, the P/E ratio stands at 19.2, which may appeal to value-oriented investors. Meanwhile, the company's revenue for the same period was $20.39 billion, with a gross profit margin of 35.4%, showcasing its ability to maintain profitability.
The company's stock is generally known for low price volatility, an InvestingPro Tip that could be particularly attractive to conservative investors. Additionally, with 11 analysts having revised their earnings upwards for the upcoming period, there is a positive sentiment surrounding Kimberly-Clark's financial prospects. For those seeking further insights and more InvestingPro Tips, the platform offers a total of 9 tips for Kimberly-Clark, available at https://www.investing.com/pro/KMB. Investors interested in taking a deeper dive can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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