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    Michael D. Hsu

    Chairman of the Board and CEO at Kimberly-Clark Corp
    Board
    Since January 2019
    Age
    60 years
    Tenure
    Joined KMB in 2012 and held various roles including Group President, North America Consumer Products; Group President, K-C North America; President and COO; and ultimately became CEO in January 2019 before being named Chairman in January 2020.

    Also at Kimberly-Clark Corp

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    Grant B. McGee
    Senior Vice President, General Counsel, and Corporate Secretary

    About

    Michael D. Hsu is a seasoned executive known for his commitment to driving operational excellence and innovation in the consumer goods industry. At 60 years old , his leadership is marked by a deep understanding of business operations and strategic growth.

    He joined Kimberly-Clark in 2012, progressing through a series of significant leadership roles such as Group President of North America Consumer Products, Group President of K-C North America, and President and COO. In January 2019, he assumed the role of Chief Executive Officer, and shortly thereafter, in January 2020, he was named Chairman of the Board, reflecting a well-earned promotion based on his impactful contributions.

    Beyond his tenure at Kimberly-Clark, his professional background includes senior executive roles at Kraft Foods and H. J. Heinz Company, where he honed his expertise in commercial and operational strategies. His career trajectory underscores a blend of innovation, robust management, and strategic vision that has propelled his influence across multiple facets of the business world.

    $KMB Performance Under Michael D. Hsu

    Past Roles

    Organization Role Date Range Details
    Kimberly-Clark Corporation President and Chief Operating Officer 2017–2019 Responsible for day-to-day operations, global innovation, marketing, and supply chain functions
    Kimberly-Clark Corporation Group President, K-C North America 2013–2016 Oversaw the North America consumer business and led development of new business strategies for global nonwovens
    Kimberly-Clark Corporation Group President, North America Consumer Products 2012–2013 Managed the North America Consumer Products division
    Kraft Foods, Inc. Executive Vice President and Chief Commercial Officer January 2012 - July 2012 Held a leadership role overseeing commercial operations
    Kraft Foods, Inc. President of Sales, Customer Marketing and Logistics 2010 - 2012 Oversaw sales, customer marketing, and logistics functions
    Kraft Foods, Inc. President of its Grocery Business Unit 2008 - 2010 Managed the grocery business unit
    H. J. Heinz Company President and Chief Operating Officer, Foodservice N/A Led foodservice operations

    External Roles

    Organization Role Date Range Details
    McDonald's Corporation Board of Directors N/A Active board membership

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,485,000 AnnuallyFixed salary
    Defined Contribution Plan$362,845 As per plan contributionsIncludes 401(k) matching and Supplemental 401(k) contributions
    Profit-Sharing Contribution$183,219 As per plan guidelinesBased on company performance
    Perquisites$363,496 As incurredIncludes Corporate Aircraft use ($150,413) and Security Services ($213,083)

    Performance Compensation

    Data from  FY 2023

    Annual Cash Incentive Award

    MetricThresholdTargetMaximumActual ResultPayout %Incentive AmountNotes
    Organic Sales Growth-1.0% 3.0% 8.0% 4.7% 134% N/ABased on corporate goals
    Adjusted EPS$5.50 $5.85 $6.50 $6.57 200% N/A
    Aggregate PayoutN/AN/AN/AN/A167% Target: $2,598,750, Max: $5,067,563, Actual: $3,530,558 Overall performance-based cash incentive

    Performance-Based Restricted Share Units (PRSUs)

    MetricValuePerformance Metrics / Details
    Grant DateApril 26, 2023
    Grant Date Fair Value$6,479,970 Based on target performance
    Target Grant Value$6,480,000 Represents 60% of total target LTI value
    Units Granted (Target)45,122 shares
    Units Granted (Maximum)90,244 shares 200% of target
    Performance Metric: Organic SalesThreshold: 0.0% Target: 2.0% , Maximum: 4.0%
    Performance Metric: Cumulative MFCFThreshold: $4.8B Target: $6.0B , Maximum: $7.2B
    Weighting50% each Each metric is equally weighted
    Vesting Schedule3-year cliff Vests on April 26, 2026 contingent on performance

    Time-Vested Restricted Share Units (RSUs)

    MetricValueDetails
    Grant DateApril 26, 2023
    Grant Date Fair Value$4,319,932 Calculated at grant date
    Target Grant Value$4,320,000 Represents 40% of total target LTI value
    Units Granted (Target)30,081 shares
    Vesting Schedule30%, 30%, 40% annually Vesting in three annual installments over three years