Kenvue Inc.
06/24/2025 | Press release | Distributed by Public on 06/24/2025 14:06
Regulation FD Disclosure, Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 24, 2025, Kenvue Inc. (the "Company") announced that Ellie Bing Xie, currently Kenvue's Group President, Asia Pacific, will cease to serve in such role on July 14, 2025 (the "Asia Pacific Transition").
Ms. Xie will remain with the Company through August 8, 2025, to assist with the transition of her duties. The Asia Pacific Transition, with respect to Ms. Xie, meets the conditions of the separation without "cause" provisions of the Executive Severance Pay Plan of Kenvue Inc. and U.S. Affiliated Companies (the "Severance Plan") and Ms. Xie's long-term incentive awards. Accordingly, subject to her execution of a release of claims in favor of the Company and its affiliates and her continuing compliance with her restrictive covenant obligations, Ms. Xie will receive the severance payments and benefits payable under the Severance Plan, and her long-term incentive awards will be treated in accordance with the terms of the applicable award agreements.
Item 7.01 Regulation FD Disclosure
The Company has appointed Anindya (Andy) Dasgupta as Group President, Asia Pacific, effective July 14, 2025. Mr. Dasgupta, a nearly 30-year global consumer products industry veteran, will join Kenvue to lead the Asia Pacific region, which contributed approximately $3 billion in Net sales in fiscal year 2024. With extensive leadership experience in health, nutrition, and food and beverage sectors across emerging and developed markets, Mr. Dasgupta has held senior-level regional and global roles across Europe, the United States, and Asia Pacific and brings expertise in commercial strategy, sales, marketing, and business development.
The information contained under Item 7.01 in this Current Report on Form 8-K is being furnished and, as a result, such information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Kenvue Inc. published this content on June 24, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on June 24, 2025 at 20:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]