01—Abstract
Summary
Summary of the 8-K filed June 24, 2025. Cited figures are marked; the original filing is the authoritative source.
On June 24, 2025, Kenvue Inc. announced that Ellie Bing Xie, Group President, Asia Pacific, will cease to serve in that role on July 14, 2025.
Ms. Xie will remain with the Company through August 8, 2025 to assist with the transition of her duties. Her departure meets the conditions of the separation without "cause" provisions of the Executive Severance Pay Plan of Kenvue Inc. and U.S. Affiliated Companies. Subject to her execution of a release of claims and continued compliance with restrictive covenants, she will receive severance payments and benefits under that plan, and her long-term incentive awards will be treated under the applicable award agreements.
The Company has appointed Anindya (Andy) Dasgupta as Group President, Asia Pacific, effective July 14, 2025. The filing describes him as a nearly 30-year global consumer products industry veteran with experience in health, nutrition, and food and beverage sectors across emerging and developed markets. It states that the Asia Pacific region contributed approximately $3 billiona in Net sales in fiscal year 2024.
The leadership change is the main subject of the filing. The appointment is disclosed under Item 7.01 (Regulation FD Disclosure), which is furnished rather than filed for purposes of Section 18 of the Exchange Act. The filing includes only the cover page Inline XBRL exhibit (Exhibit 104).
02—Key points
Key Highlights
- Ellie Bing Xie, Group President, Asia Pacific, will cease to serve in that role effective July 14, 2025, and will remain with the Company through August 8, 2025 to assist with the transition.
- Ms. Xie's departure meets the separation without "cause" conditions of the Executive Severance Pay Plan, so she is eligible for severance payments and benefits, subject to a release of claims and continued compliance with restrictive covenants.
- Her long-term incentive awards will be treated in accordance with the terms of the applicable award agreements.
- Anindya (Andy) Dasgupta has been appointed Group President, Asia Pacific, effective July 14, 2025.
- Mr. Dasgupta is described as a nearly 30-year global consumer products industry veteran with leadership experience in health, nutrition, and food and beverage across emerging and developed markets.
- The Asia Pacific region contributed approximately $3 billion in Net sales in fiscal year 2024, per the filing.
- The leadership announcement is furnished under Item 7.01 (Regulation FD Disclosure) and is not deemed filed for Section 18 purposes.
03—Questions
Frequently Asked Questions
Who is leaving Kenvue's Asia Pacific leadership role, and when?
Ellie Bing Xie, Group President, Asia Pacific, will cease to serve in that role on July 14, 2025. She will remain with the Company through August 8, 2025 to help transition her duties.
Who is replacing her?
Anindya (Andy) Dasgupta has been appointed Group President, Asia Pacific, effective July 14, 2025. The filing describes him as a nearly 30-year global consumer products industry veteran with senior regional and global roles across Europe, the United States, and Asia Pacific.
What severance will Ms. Xie receive?
The filing states that her departure meets the separation without "cause" provisions of the Executive Severance Pay Plan. Subject to a release of claims in favor of the Company and its affiliates and continued compliance with her restrictive covenants, she will receive the severance payments and benefits payable under that plan. Her long-term incentive awards will be treated according to the applicable award agreements.
How important is the Asia Pacific region to Kenvue?
The filing states that the Asia Pacific region contributed approximately $3 billion in Net sales in fiscal year 2024.
04—Continue