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Kimberly-Clark board elects Michael D. Hsu as chairman

Kimberly-Clark Corporation’s board of directors has elected the company’s chief executive officer Michael D. Hsu as chairman, effective January 1, 2020.

Hsu, 55, succeeds Thomas J. Falk, who plans to retire from the company and the board at the end of the year after serving as chairman for the past 16 years.

“As part of the board’s ongoing focus on succession planning, both Mike and Tom have worked closely with the board to plan this transition,” says Ian Read, independent lead director, on behalf of the board.

“Since joining the board in 2017, Mike has demonstrated strong leadership of Kimberly-Clark’s business and championed a strategy to deliver balanced, sustainable growth,” Read says. “We are confident that Mike will do an excellent job leading our board.”