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Kimberly-Clark Announces New Treasurer

5/10/2013
Kimberly-Clark Corporation announces that Karen Leets has been named as the company's vice president and treasurer, reporting to Mark A. Buthman, the company's senior vice president and chief financial officer. She will join the company effective May 13, 2013.

Leets succeeds Nancy Loewe, who will continue to serve as the company's chief strategy officer. Leets will be responsible for the entire treasury practice at Kimberly-Clark, including capital markets, cash planning, global cash and foreign exchange management, real estate, and banking and rating agency relationship management.

Leets previously served as vice president and treasurer of building-materials manufacturer USG Corporation in Chicago. In that role, she was responsible for managing liquidity for funding global operations and a range of other treasury functions.

Before joining USG, Leets was assistant treasurer for McDonald's Corporation, and she started her career with a precursor of PriceWaterhouseCoopers. Leets earned her bachelor's and master's degrees from Indiana State University in Terra Haute, Ind.

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