Michael D. Hsu
Also at Kimberly-Clark Corp
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
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,485,000 | Annually | Fixed salary |
| Defined Contribution Plan | $362,845 | As per plan contributions | Includes 401(k) matching and Supplemental 401(k) contributions |
| Profit-Sharing Contribution | $183,219 | As per plan guidelines | Based on company performance |
| Perquisites | $363,496 | As incurred | Includes Corporate Aircraft use ($150,413) and Security Services ($213,083) |
Performance Compensation
Annual Cash Incentive Award
| Metric | Threshold | Target | Maximum | Actual Result | Payout % | Incentive Amount | Notes |
|---|---|---|---|---|---|---|---|
| Organic Sales Growth | -1.0% | 3.0% | 8.0% | 4.7% | 134% | N/A | Based on corporate goals |
| Adjusted EPS | $5.50 | $5.85 | $6.50 | $6.57 | 200% | N/A | |
| Aggregate Payout | N/A | N/A | N/A | N/A | 167% | Target: $2,598,750, Max: $5,067,563, Actual: $3,530,558 | Overall performance-based cash incentive |
Performance-Based Restricted Share Units (PRSUs)
| Metric | Value | Performance Metrics / Details |
|---|---|---|
| Grant Date | April 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 Sales | Threshold: 0.0% | Target: 2.0% , Maximum: 4.0% |
| Performance Metric: Cumulative MFCF | Threshold: $4.8B | Target: $6.0B , Maximum: $7.2B |
| Weighting | 50% each | Each metric is equally weighted |
| Vesting Schedule | 3-year cliff | Vests on April 26, 2026 contingent on performance |
Time-Vested Restricted Share Units (RSUs)
| Metric | Value | Details |
|---|---|---|
| Grant Date | April 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 Schedule | 30%, 30%, 40% annually | Vesting in three annual installments over three years |