Kenvue names Kirk Perry as interim CEO, effective immediately

Kenvue names Kirk Perry as interim CEO, effective immediately

Kenvue Inc. (NYSE: KVUE) has announced the appointment of Kirk Perry as the interim Chief Executive Officer, effective immediately. This transition comes as part of a broader set of actions aimed at unlocking shareholder value and positioning the company for future growth. The move follows the departure of Mr. Thibaut Mongon, who stepped down as CEO and from the Kenvue Board.

Kirk Perry, a seasoned consumer products and brand strategist with over 30 years of experience, brings a wealth of expertise in global consumer-packaged goods, technology, and business transformation. He previously served as President and Chief Executive Officer of Circana, a global provider of technology, data, and predictive analytics. Perry's appointment is seen as a strategic move to align the company's leadership with its long-term goals.

The Board of Directors, led by Chair Larry Merlo, has initiated an ongoing review of strategic alternatives. This review, being advised by Centerview Partners and McKinsey & Company, will consider a broad range of potential options to optimize Kenvue's brand portfolio and improve operational performance. The strategic review aims to accelerate profitable growth and unlock the inherent value in the company.

Kenvue also reported select preliminary financial results for the second quarter ended June 29, 2025. The company noted a 4.0% increase in net sales and a 4.2% increase in organic sales. Diluted earnings per share improved from $0.21 to $0.22, while adjusted diluted earnings per share increased from $0.28 to $0.29. The full second quarter 2025 financial results and the revised full-year 2025 outlook will be released on August 7, 2025.

The appointment of Kirk Perry and the ongoing strategic review reflect Kenvue's commitment to delivering both near- and long-term value creation for shareholders. The company is poised to leverage Perry's extensive experience and strategic insights to drive growth and achieve top-tier financial performance.

References:
[1] https://investors.kenvue.com/financial-news/news-details/2025/Kenvue-Announces-CEO-Transition-and-Actions-to-Unlock-Shareholder-Value/default.aspx