Core Summary

  • Kimberly-Clark announced on Wednesday that it will adopt a new executive leadership team and organizational structure following the completion of its acquisition of Kenvue, the consumer health company and maker of Tylenol.
  • Chief Financial Officer Nelson Urdaneta will continue as the finance chief of the combined company, while Mike Hsu will continue as CEO and Executive Chairman. Kimberly-Clark, headquartered in Dallas, Texas, listed other executives who will report to Hsu in a Wednesday press release, including Russ Torres, who will serve as Group President and Chief Operating Officer, and Stacey Valy Panayiotou, who will serve as Chief Human Resources Officer.
  • "Our team has been thoughtfully selected, and these leaders bring the experience, capabilities, and technical expertise to fully unlock the potential of our combined portfolio, iconic brands, and talented people," Hsu said in the press release. "Our structure is designed to align the organization around a shared philosophy of ownership, agility, and speed."

Dive Insight

Urdaneta became CFO in 2022, after spending 16 years at Mondelez International, the food and confectionery company. According to securities filings at the time, he held roles at Mondelez including Senior Vice President, Treasurer, and Corporate Controller.

Kimberly-Clark, which owns more than 150 household product brands including Huggies diapers and Kotex feminine care, agreed to acquire Kenvue last year in one of the largest M&A deals of that year. The cash-and-stock deal gave Kenvue an enterprise value of nearly $50 billion, according to a press release announcing the transaction on November 3, 2025.

Kimberly-Clark shareholders approved the merger agreement in January. The company said Wednesday that the deal remains on track to close in the second half of this year, subject to regulatory approvals.

Kimberly-Clark said Wednesday that, upon completion of the transaction, the company will operate under four business segments, "each focused on winning in local markets." The four segments include: North America; Asia-Pacific Focus Markets, which encompasses Greater China, Australia, New Zealand, South Korea, and Indonesia; Europe, the Middle East, and Africa; and Emerging Markets. The last market segment will be composed of Latin America, India, Southeast Asia markets, and Japan.

Also on Wednesday, Kenvue—which is being acquired and was spun off from Johnson & Johnson in 2023—announced that its CFO, Amit Banati, will step down on May 12, according to a filing with the U.S. Securities and Exchange Commission. Banati, an alum of Kellanova, the snack and frozen food company, decided to step down just one year after assuming the top finance role at Kenvue in May of last year, CFO Dive reported at the time. He joined as the consumer health company faced pressure from tariffs and economic uncertainty, while activist investors called for the company to sell off parts of its business, before the sale to Kimberly-Clark was announced in November.

According to the SEC filing, Heather Howlett, currently the Chief Accounting Officer, will serve as interim CFO starting May 12. The company said Howlett will receive an additional stipend of $125,000 per month during her tenure as interim CFO, on top of her existing compensation package.