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Kimberly-Clark Announces Executive Leadership Changes

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Kimberly-Clark Corporation (KMB) announced significant executive leadership changes effective November 1, 2020. Jeff Melucci has been promoted to Chief Transformation, Business Development, and Legal Officer, taking over from Achal Agarwal, who will retire after 12 years with the company. Additionally, Gonzalo Uribe has been appointed President of Kimberly-Clark's Latin American consumer business. These changes aim to enhance organizational capabilities and accelerate the execution of the company's global strategy, with a focus on strengthening its digital business foundation.

Positive
  • Jeff Melucci's new role may bring enhanced strategic direction, benefiting company transformation.
  • Gonzalo Uribe's appointment is based on a proven track record in leadership, potentially driving growth in Latin America.
Negative
  • Achal Agarwal's retirement could lead to a knowledge gap in leadership continuity, impacting business stability.

DALLAS, Oct. 26, 2020 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today announced executive leadership changes, effective November 1, 2020.

Jeff Melucci, currently Senior Vice President, Business Development and General Counsel, has been named as Chief Transformation, Business Development and Legal Officer, adding responsibility for the company's transformation roadmap for further building its global organizational capabilities. This expanded role assumes the responsibilities of Achal Agarwal, who has announced his intent to retire at year end after 12 years with Kimberly-Clark and a nearly 40-year career. Melucci will continue to report to Mike Hsu, Kimberly-Clark Chairman and CEO.

In addition, Gonzalo Uribe has been named as President of Kimberly-Clark's Latin American consumer business, and will also report to Hsu, with responsibility for the company's consumer operations across Latin America. Since joining Kimberly-Clark in 2017, Uribe has built an impressive record of results leading the Andean region, and more recently the company's North Latin America subregion. Prior to joining the company, Uribe held roles of increasing responsibility with Mondelez, Kraft, Cadbury and Nabisco.  He succeeds Sergio Cruz, who has been named to a newly created leadership role reporting to Maria Henry, Chief Financial Officer, focused on strengthening the company's digital business foundation and capabilities.

"I appreciate Achal's many contributions to Kimberly-Clark, and I wish him continued success in retirement," said Hsu. "At the same time, I welcome Jeff, Sergio and Gonzalo's leadership in these important roles and know that each of them will help accelerate execution of our global business strategy."

About Kimberly-Clark

Kimberly-Clark and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Neve, Plenitud, Viva and WypAll, hold the No. 1 or No. 2 share position in 80 countries. We use sustainable practices that support a healthy planet, build stronger communities, and ensure our business thrives for decades to come. To keep up with the latest news and to learn more about the company's 148-year history of innovation, visit kimberly-clark.com.

[KMB-C]

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SOURCE Kimberly-Clark Corporation

FAQ

What are the recent executive changes at Kimberly-Clark (KMB)?

Kimberly-Clark announced the promotion of Jeff Melucci to Chief Transformation, Business Development, and Legal Officer and appointed Gonzalo Uribe as President of Latin America, effective November 1, 2020.

Who replaces Achal Agarwal at Kimberly-Clark (KMB)?

Jeff Melucci replaces Achal Agarwal, who is retiring after 12 years with the company.

What is the significance of Jeff Melucci's new role at Kimberly-Clark (KMB)?

Melucci's role focuses on transformation and business development, indicating a drive to enhance global organizational capabilities.

What is Gonzalo Uribe's background at Kimberly-Clark (KMB)?

Gonzalo Uribe has been with Kimberly-Clark since 2017, achieving significant results in the Andean region and recently in North Latin America.

Kimberly-Clark Corp.

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