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Thomas J. Falk Elected Chairman of Kimberly-Clark DALLAS, February 18, 2003 -- Kimberly-Clark Corporation (NYSE: KMB) today announced that Chief Executive Officer Thomas J. Falk has been elected to the additional post of chairman of the company's board of directors. Falk, 44, succeeds Wayne R. Sanders, who announced his plans last September to retire as chairman in February 2003.
Sanders has been with Kimberly-Clark for nearly 30 years, serving as chairman for the past 11 years. He will retire from the company and the board at the end of the month.
Kimberly-Clark is a leading manufacturer and marketer of global consumer brands with annual sales of $13.6 billion. It is home to some of the world's most recognized and trusted brands, including Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend. The company's tissue, personal care and health care products are manufactured in 42 countries and sold in more than 150. Nearly one-quarter of the world's population, or 1.3 billion people, use Kimberly-Clark products each year. For more information about Kimberly-Clark's well-known brands, visit the Kimberly-Clark Web site at www.kimberly-clark.com. Biographical information on Falk and Sanders, as well as photos, can be accessed on the About Us page of the company's Web site.