Kimberly-Clark Corporation (K-C) has named Michael D. Hsu the new president and chief operating officer, effective January 1, 2017.

Thomas J. Falk will remain chief executive officer and chairman of the board and continue to lead and manage K-C at the enterprise level.

“I’m excited to continue to work with Tom, the senior executive team and employees throughout Kimberly-Clark to deliver long-term shareholder value as we lead the world in providing essentials for a better life,” said Hsu.

Hsu is currently group president North American Consumer Products, joined K-C in 2012 and currently oversees the company’s nearly $8 billion North American personal care and consumer tissue businesses. In his new role, he will be responsible for the day-to-day operations of K-C’s business units, along with the company’s global innovation, marketing and supply chain functions. Hsu and the company’s finance, legal and human resources functions will report to Falk.

“Mike is an outstanding leader with a passion for our business,” said Falk. “He has a long track record of building great teams and delivering strong results at K-C and elsewhere in the consumer packaged goods industry.”

K-C is also evolving its organization structure to recognize the scale and importance of its international businesses. As such, K-C’s three regional businesses in Asia-Pacific, Latin America, Europe, the Middle East and Africa, as well as K-C North America and K-C Professional, will report directly to Hsu.

Elane Stock, group president of K-C International, has announced her intention to pursue opportunities outside of K-C. The company expects to name a new group president of North American Consumer Products in the near future.