Kenvue Inc (NYSE:KVUE) saw its stock rise 5.3% following a surprise leadership shakeup and confirmation of a broader strategic reassessment aimed at enhancing shareholder returns.
The company announced that Thibaut Mongon has stepped down as CEO and resigned from the Board, with director Kirk Perry stepping in as Interim Chief Executive Officer, effective immediately. Perry brings more than three decades of experience spanning consumer goods, tech, and corporate transformation.
In tandem with the CEO transition, Kenvue disclosed that its Board had already launched a full-scale evaluation of its strategic options. A dedicated Strategic Review Committee has been formed to explore potential avenues, including brand portfolio optimization and operational improvements.
“We expect a positive reaction today to the news,” said Citi analyst Filippo Falorni, who reiterated his Neutral rating and $24.50 price target on the stock.
Chairman Larry Merlo highlighted Kenvue’s competitive strengths and emphasized that the company is focused on sharpening its strategy to drive stronger performance. “We have world-class brands in attractive categories and strong global platform,” Merlo said. “The announced actions aim to ensure we have the right talent, brand portfolio and operational foundation” to fuel profitable growth.
Kenvue is scheduled to release its full Q2 financial results on August 7, at which time it will also provide an updated full-year 2025 forecast. The company’s strategic review is being supported by Centerview Partners and McKinsey & Company.
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