Dollar edges higher ahead of payrolls; sterling slips after CPI
Kimberly-Clark Corporation (NASDAQ:KMB) announced Thursday that Zackery Hicks, the company’s Chief Digital and Technology Officer, will depart the company effective March 31, 2026. According to a statement included in a U.S. Securities and Exchange Commission filing, Mr. Hicks is leaving to pursue other opportunities.
The company stated that Mr. Hicks will receive compensation and benefits in line with Kimberly-Clark’s Severance Pay Plan. No additional details regarding the terms of his departure or plans for his replacement were disclosed in the filing.
The information is based on a press release statement included in a recent SEC filing.
In other recent news, Kimberly-Clark reported impressive financial results for the third quarter of 2025. The company surpassed earnings expectations with an earnings per share (EPS) of $1.82, higher than the projected $1.75. Revenue also exceeded forecasts, reaching $4.15 billion compared to the anticipated $4.09 billion. In a significant move, Kimberly-Clark announced a $48.7 billion acquisition deal for Kenvue, involving both cash and stock transactions. Kenvue shareholders are set to receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares per Kenvue share. This acquisition has raised concerns, particularly due to ongoing Tylenol and UK talc litigation, as noted by TD Cowen, which lowered its price target for Kimberly-Clark to $112.00 from $130.00. The acquisition has been a relief for several activist hedge funds with stakes in Kenvue, as the deal mitigated potential losses after Kenvue’s stock had plummeted.
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