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Kimberly-Clark Corporation (NYSE:KMB) Morgan Stanley Global Consumer & Retail Conference December 3, 2024 1:30 PM ET
Company Participants
Nelson Urdaneta – CFOChris Jakubik – Head of IR
Conference Call Participants
Dara Mohsenian – Morgan Stanley
Dara Mohsenian
All right. Good afternoon, everyone. I’m Dara Mohsenian, Morgan Stanley’s Household Products and Beverage Analyst. And just before we begin, a quick disclosure. Please see the Morgan Stanley Research Web site at www.morganstanley.com for our research disclosures. And with that, I’m very pleased to welcome Nelson Urdaneta, Kimberly Clark’s CFO; and Chris Jakubik, Head of Investor Relations to this fireside chat today. Thanks for being here guys. We appreciate it.
Nelson Urdaneta
Thanks, Dara. Thanks for having us.
Dara Mohsenian
So going back to your Analyst Day in March, you announced some organizational changes to drive greater top line growth as well as greater productivity. Can you just give us an update on those initiatives? Also how much should they play out specifically in 2025 in terms of driving top line and profit growth versus perhaps taking some more time to seed and playing out longer term beyond 2025?
Nelson Urdaneta
Sure Dara. So a few things. We’re migrating the enterprise from a historically largely decentralized business to more of a balanced matrix organization. This should enable us to better leverage our scale in key areas of the supply chain, innovation, marketing and commercial execution. This is a journey that many CPG leading companies have taken and now it’s our turn. As we think about it, we’re seeing — starting to see the payback of these changes this year as it’s been progressing. And as we execute our strategy over the next few years, it should ramp up. In the course of 2024, we have been laying the foundations for the changes and we’re beginning to see a more balanced and sustainable growth. First, we’ve shifted to a
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