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Kenvue Names Kirk Perry Interim CEO, Launches Strategic Review

Retaining its second-quarter EPS guidance, the board is assessing measures to streamline brands under activist investor pressure.

Overview

  • Thibaut Mongon stepped down as CEO and left the board on Monday.
  • Kirk Perry, a veteran of Circana and Procter & Gamble, will serve as interim CEO while a permanent successor is sought.
  • Kenvue reaffirmed its forecast of $0.28–$0.29 in adjusted EPS for the fiscal second quarter ahead of its August earnings release.
  • The board has initiated a strategic review to explore portfolio simplification, brand divestitures and operational alternatives.
  • Activist investors have pressed for divestitures or a full sale of Kenvue since its 2023 spin-off from Johnson & Johnson.