01—Abstract
Summary
Summary of the 8-K filed January 28, 2025. Cited figures are marked; the original filing is the authoritative source.
Kimberly-Clark Corporation announced on January 28, 2025 that Andrew Scribner, 46, will be elected Vice President and Controller effective June 1, 2025.
Mr. Scribner currently serves as Chief Financial Officer - Kimberly-Clark North America, a role he has held since January 2023. He succeeds Andrew S. Drexler, the current Vice President and Controller, who will assume a transitional role on that date before beginning his retirement on June 6, 2025.
Mr. Scribner's background includes roles at Gap, Inc., including Senior Vice President, CFO of Athleta from 2019 to 2021 and Senior Vice President, CFO, Strategy and Inventory Management of Banana Republic from 2021 to 2023, as well as 13 years at The Kraft Heinz Company and its predecessor Kraft Foods Group, most recently as Vice President and General Manager, Kraft Heinz Ingredients. The filing states that compensation for Mr. Scribner's Controller role has not yet been determined, and the Corporation will file an amendment to this Form 8-K once it has been set. For investors, this is a routine leadership succession filing in the finance function rather than a change in financial results or strategy.
02—Key points
Key Highlights
- Andrew Scribner, 46, will be elected Vice President and Controller effective June 1, 2025.
- Scribner currently serves as Chief Financial Officer - Kimberly-Clark North America, a role held since January 2023.
- Current Vice President and Controller Andrew S. Drexler will take a transitional role on June 1, 2025 and begin retirement on June 6, 2025.
- Scribner previously held CFO and senior finance roles at Gap, Inc. (Athleta and Banana Republic) from 2019 to 2023.
- Scribner spent 13 years at The Kraft Heinz Company and Kraft Foods Group, most recently as Vice President and General Manager, Kraft Heinz Ingredients.
- Compensation for the Controller role has not yet been determined; an 8-K amendment will be filed once it is set.
03—Questions
Frequently Asked Questions
Who is replacing the current Controller at Kimberly-Clark?
Andrew Scribner, 46, will be elected Vice President and Controller effective June 1, 2025, succeeding Andrew S. Drexler.
What is Scribner's current role?
Scribner serves as Chief Financial Officer - Kimberly-Clark North America, a position he has held since January 2023.
When will Drexler retire?
Drexler will assume a transitional role on June 1, 2025 and begin his retirement on June 6, 2025.
Has Scribner's compensation for the Controller role been disclosed?
Not yet. The filing states the compensation has not been determined and that the Corporation will file an amendment to this Form 8-K once it has been set.
What is Scribner's prior professional experience?
Scribner was Senior Vice President, CFO of Athleta (2019 to 2021) and Senior Vice President, CFO, Strategy and Inventory Management of Banana Republic (2021 to 2023) at Gap, Inc., and Vice President, PMO of Gap, Inc. (2017 to 2019). Before that, he spent 13 years at The Kraft Heinz Company and Kraft Foods Group, most recently as Vice President and General Manager, Kraft Heinz Ingredients.
04—Continue