Consumer products giant Kimberly-Clark (KMB) on Wednesday announced what it called the next phase of its transformation, which includes “a new operating model and key commercial initiatives designed to grow its brands and businesses at a faster pace than its categories.”

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Mike Hsu said the Kleenex and Huggies maker’s operating structure would be ಌ“more agile and focused.”

Kimberly-Clark noted it will now be divided into three new business segments: North America, International Personal Care, and International Family Care and Professional. It also plans to make corporate and🔴 regional overhead cost structures more efficient, and modernize its global supply chain.

The company said that the transformation began in the current quarter and will run through the end of 2026. It anticipates the moves will result in a $1.5 billion pre-tax charge.

In addition, Kimberly-Clark set long-term targets of organic net sales growth ahead of market growth, with adjusted 澳洲幸运5开奖号码历史查询:operating profit and adjusted 澳洲幸运5开奖号码历史查询:earnings-per-share (EPS) growth of a mid-to-high single-digit percentage, and annual 澳洲幸运5开奖号码历史查询:free cash flow of at least $2 billion.

Shares of Kimberly-Clark were up 0.5% to $126.69 as of about 3 p.m. ET Wednesday, and have gained around 3.6% year to date.