Kimberly-Clark Names Gustavo Schmidt New CEO for Brazil

According to Kimberly-Clark, Schmidt is now responsible for leading one of the company's top-5 largest business units and will have the challenge of keeping its growth pace beyond double-digits. The executive has begun his tenure in Kimberly-Clark as financial manager at the Uruguayan branch in 2000. Since then, he has occupied several important positions, including country manager for Uruguay, Paraguay, Dominican Republic, Caribbean and Argentina.

In 2014, Schmidt became CEO for the Andean region, achieving organic growth of 6% in Bolivia, Peru and Colombia. Considering also Ecuador, the region's growth was about 2%, as the country has been facing a complex macroeconomic and political environment, Kimberly-Clark pointed out.