Kimberly-Clark names new treasurer

Kimberly-Clark has announced that Karen Leets has been appointed as its new vice-president and treasurer, effective as of Monday (May 13th 2013).

Ms Leets will take responsibility all treasury functions at Kimberly-Clark, including capital markets, cash planning, global cash and foreign exchange management, real estate, and banking and rating agency relationship management.

She is the former vice-president and treasurer of Chicago-based building materials manufacturer USG, while previous employers include fast food giant McDonald's and a precursor of professional services provider PriceWaterhouseCoopers.

Ms Leets has been appointed as the successor to Nancy Loewe, who will continue to act as the company's chief strategy officer, having been appointed to the role in November 2012.

Mark Buthman, Kimberly-Clark's senior vice-president and chief financial officer, said: "With her experience, she already is familiar with many of the tools we use at Kimberly-Clark. I'm excited about Karen's perspective and the diversity of thinking she will bring to our leadership team."