- Kenvue Inc. (KVUE, Financial) appoints Kirk Perry as Interim CEO, effective immediately.
- The company is conducting a comprehensive review of strategic alternatives to enhance shareholder value.
- Preliminary financial results for Q2 2025 show a net sales decline of 4.0%.
Kenvue Inc. (KVUE), a leading consumer health company, announced significant leadership changes and strategic initiatives aimed at maximizing shareholder value. Effective immediately, Kirk Perry, a current board director and seasoned industry leader, has been appointed Interim CEO, succeeding Thibaut Mongon, who has departed the company.
The company’s Board of Directors is undertaking a comprehensive review of strategic alternatives, overseen by a specialized Strategic Review Committee. This initiative aims to optimize Kenvue's brand portfolio and enhance operational performance. Centerview Partners and McKinsey & Company are advising on the strategic review process, which could potentially include simplifying company operations.
In conjunction with these organizational changes, Kenvue disclosed select preliminary financial results for the second quarter of 2025. The company reported a 4.0% decline in net sales compared to the previous year, with organic sales also decreasing by 4.2%. Preliminary adjusted diluted earnings per share are estimated to be between $0.28 and $0.29. The full financial report for Q2 2025 is expected on August 7, 2025, with revisions to the full-year outlook anticipated.
Kirk Perry brings over 30 years of global experience in consumer-packaged goods and technology sectors, having previously led Circana as CEO. His extensive background in business transformation and strategic development is expected to guide Kenvue as it strives for top-tier financial performance and substantial growth.
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