Kenvue reports ongoing review of options

Kenvue reports ongoing review of options

Kenvue Inc. (NYSE: KVUE) has announced a series of strategic actions aimed at unlocking shareholder value and reaching its full potential. The company's board of directors has implemented a chief executive officer transition and is advancing an ongoing comprehensive review of strategic alternatives.

The transition sees Kirk Perry, a seasoned consumer products and brand strategist with over 30 years of experience, appointed as Interim Chief Executive Officer, effective immediately. Perry, who is also a current Kenvue director, will lead the company during this critical period. Thibaut Mongon, the former CEO, has stepped down from the position and the board.

The strategic review, initiated by the board, will consider a broad range of potential alternatives, including optimizing the company's brand portfolio and enhancing operational performance. The review aims to accelerate profitable growth and unlock the inherent value in Kenvue.

The move follows Kenvue's recent earnings report, which saw the company report $0.24 EPS for the quarter, beating analysts' consensus estimates. The company's revenue for the quarter was $3.74 billion, down 3.9% year-over-year.

Kenvue's stock has seen a mixed response to these developments. The stock has been trading within a range of $17.67 to $25.17 over the past year, with a current price of $20.73. Analysts have given the stock a consensus rating of "Hold" with a target price of $25.33.

Reference:
[1] https://www.marketbeat.com/instant-alerts/filing-alpine-woods-capital-investors-llc-has-629-million-stock-position-in-kenvue-inc-nysekvue-2025-07-10/
[2] https://www.stocktitan.net/news/KVUE/kenvue-announces-ceo-transition-and-actions-to-unlock-shareholder-up05ygchyy8h.html