Michael D. Hsu

Chairman of the Board and CEO at KIMBERLY CLARK

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

Craig Slavtcheff

Chief Research and Development Officer

Ehab Abou-Oaf

President, International Family Care and Professional

GBM

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 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

Data from FY 2023

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