Kimberly-Clark Announces New Treasurer

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May 09, 2013, 10:56 ET

DALLAS, May 9, 2013 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE: KMB) today announced that Karen Leets has been named as the Company's vice president and treasurer, reporting to Mark A. Buthman, the Company's senior vice president and chief financial officer. She will join the Company effective May 13.

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Ms. Leets succeeds Nancy Loewe, who will continue to serve as the Company's chief strategy officer. Ms. Leets will be responsible for the entire treasury practice at Kimberly-Clark, including capital markets, cash planning, global cash and foreign exchange management, real estate, and banking and rating agency relationship management.

Ms. Leets previously served as vice president and treasurer of building-materials manufacturer USG Corporation in Chicago. In that role, she was responsible for managing liquidity for funding global operations and a range of other treasury functions.

Before joining USG, Ms. Leets was assistant treasurer for McDonald's Corporation, and she started her career with a precursor of PriceWaterhouseCoopers. Ms. Leets earned her bachelor's and master's degrees from Indiana State University in Terra Haute, Ind.

"Karen has a collaborative style and a track record of leading organizations through times of economic or organizational change," Mr. Buthman said. "With her experience, she already is familiar with many of the tools we use at K-C. I'm excited about Karen's perspective and the diversity of thinking she will bring to our leadership team."

About Kimberly-Clark

Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trust K-C's brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries. To keep up with the latest K-C news and to learn more about the Company's 141 years of innovation, visit www.kimberly-clark.com, or follow us on Facebook or Twitter.

SOURCE Kimberly-Clark Corporation