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Kimberly-Clark Targets $40B Kenvue Merger, Names CEO

4/15/2026

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Story summary
  • Kimberly-Clark pursues a $40 billion acquisition of Kenvue, naming leadership for a second-half 2026 closure.
  • CEO Mike Hsu will lead the combined company, operating in four geographic units: North America, Asia Pacific Focus Markets, EMEA, and Enterprise Markets.
  • The merger aims to sharpen strategic control and integration.
  • Kimberly-Clark reported Q4 earnings per share of $1.86, above expectations, as revenue fell short.
  • A California distribution center fire caused no injuries.