North Texas’ eighth-largest publicly-traded company has named a new executive to its C-suite.
Irving-based Kimberly-Clark Corp. (NYSE: KMB) announced the promotion of Scott Usitalo to chief marketing officer. Usitalo first joined the company in 2008 and has held several leadership roles, most recently serving as president of Kimberly-Clark’s family care business in North America.
His resume also includes more than 24 years with Procter & Gamble in a variety of product supply, brand management and global marketing and leadership roles. He holds a Bachelor of Science in engineering and an honorary doctorate from Michigan Technological University.
Usitalo will report to Tony Palmer, the company’s president of global brands and innovation.
“Kimberly-Clark is home to some of the world’s most trusted brands, and in his time with the company, Scott has demonstrated his ability to grow the business by challenging the category status quo,” Palmer said in a prepared statement. “As chief marketing officer, Scott will continue to challenge our marketing function to be the core driver of our growth around the world.”
In April, Kimberly-Clark reported first quarter revenue of $4.48 billion, missing Wall Street expectations of $4.54 billion. But adjusted earnings per share of $1.53 beat forecasts of $1.51.
As of Tuesday’s market close, KMB shares were trading at $132.41. The stock is up more than 21 percent over the past 12 months.
Presented by Dallas Business Journal