01—Abstract
Summary
Summary of the 8-K filed April 15, 2026. Cited figures are marked; the original filing is the authoritative source.
Kenvue Inc. (KVUE) disclosed a leadership change in its finance function.
Chief Financial Officer Amit Banati, whose departure was first announced on February 12, 2026, will step down effective May 12, 2026. On April 10, 2026, the Company appointed Heather Howlett, its current Chief Accounting Officer, as interim Chief Financial Officer and Chief Accounting Officer, effective May 12, 2026. She will serve as the Company's principal financial officer and principal accounting officer during her interim term.
Howlett has served as Chief Accounting Officer since May 2023. Her prior experience includes serving as Chief Accounting Officer of Trane Technologies from March 2020 to August 2022, roles at Catalent Pharma Solutions, Honeywell and Tyco, and more than a decade at PricewaterhouseCoopers LLP. She joined Johnson & Johnson in September 2022 as the Chief Accounting Officer Designee for its planned New Consumer Health Company in anticipation of the Company's separation.
Under her interim offer letter, Howlett will receive a monthly stipend of $125,000a for each month she serves as interim Chief Financial Officer, prorated for partial months, in addition to her current compensation. The filing states there are no other changes to her compensation or benefits from the interim role.
Her fiscal year 2026 compensation includes an annual base salary of $544,116,b an annual target bonus of $299,264, and an annual equity award with an aggregate fair market value of $420,000. The filing notes the transition carries risks around senior leadership changes, personnel distractions and disruptions to the business.
02—Key points
Key Highlights
- CFO Amit Banati will step down effective May 12, 2026, a departure first announced on February 12, 2026.
- Heather Howlett, current Chief Accounting Officer, was appointed interim Chief Financial Officer and Chief Accounting Officer effective May 12, 2026, and will act as principal financial and principal accounting officer.
- Howlett receives a monthly interim stipend of $125,000 for each month serving as interim CFO, prorated for partial months, with no other changes to her compensation or benefits from the role.
- Howlett's fiscal year 2026 compensation includes a $544,116 annual base salary, a $299,264 annual target bonus and an annual equity award with aggregate fair market value of $420,000.
- Howlett has served as Chief Accounting Officer since May 2023 and previously was Chief Accounting Officer of Trane Technologies from March 2020 to August 2022.
- The filing states there are no family relationships or arrangements or understandings tied to Howlett's appointment.
- The offer letter, dated April 10, 2026, between Kenvue Brands LLC and Howlett is filed as Exhibit 10.1.
03—Questions
Frequently Asked Questions
Why is Kenvue's CFO leaving, and who is replacing him?
The filing states that Amit Banati, the current Chief Financial Officer, will step down from his role effective May 12, 2026, a departure announced February 12, 2026. The filing does not give a reason for the departure. Heather Howlett, the current Chief Accounting Officer, was appointed interim Chief Financial Officer and Chief Accounting Officer effective the same date.
Is the interim CFO appointment permanent?
No. The filing describes Howlett's role as interim, and she will serve as principal financial officer and principal accounting officer during her term as interim Chief Financial Officer and Chief Accounting Officer. The filing does not state the length of the interim term or name a permanent successor.
How is the interim CFO being paid?
Under her offer letter, Howlett will receive a monthly stipend of $125,000 in each month she serves as interim CFO, prorated for partial months, in addition to her current compensation package. The filing states there will be no other changes to her compensation or benefits as a result of the interim role.
What is Heather Howlett's background?
Howlett, age 48, has served as Chief Accounting Officer of Kenvue since May 2023. She joined Johnson & Johnson in September 2022 as the Chief Accounting Officer Designee for its planned New Consumer Health Company. Previously she was Chief Accounting Officer of Trane Technologies from March 2020 to August 2022, held roles of increasing responsibility at Trane Technologies, Catalent Pharma Solutions, Honeywell and Tyco, and spent more than a decade at PricewaterhouseCoopers LLP.
What risks does the filing identify related to this change?
The forward-looking statements section identifies risks around senior leadership changes, personnel distractions and disruptions to the business. The filing refers investors to the Company's most recent Annual Report on Form 10-K and other SEC filings for a fuller list of risk factors.
04—Continue