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- Departure of CFO (new) — The Chief Financial Officer is departing from the company effective May 12, 2026.
Kenvue CFO Amit Banati to step down May 12; Chief Accounting Officer named interim replacement
Filed April 15, 2026 · Period ending April 10, 2026 · ~1 min read
Key Changes
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CFO Amit Banati will step down effective May 12, 2026. The company has not announced a permanent replacement, signaling an ongoing search for new finance leadership.
Item 5.02 verify on EDGAR → -
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Chief Accounting Officer Heather Howlett appointed interim CFO starting May 12, holding both roles simultaneously as principal financial and accounting officer.
Item 5.02 verify on EDGAR → -
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Howlett will receive $125,000 monthly stipend on top of existing $544,116 base salary while serving as interim CFO, reflecting expanded dual-role responsibilities.
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Howlett brings relevant experience as former Chief Accounting Officer at Trane Technologies (2020-2022) and over a decade at PwC, though her background is primarily in accounting rather than broader CFO functions.
Item 5.02 verify on EDGAR →
Summary
Kenvue announced that CFO Amit Banati will step down May 12, 2026, with no permanent replacement yet named. The consumer health company, which spun out from Johnson & Johnson in 2023, is appointing Chief Accounting Officer Heather Howlett as interim CFO while it searches for a permanent finance chief.
Howlett will hold both the CFO and CAO roles simultaneously, receiving an additional $125,000 per month during the interim period. For retail investors, CFO departures can signal strategic shifts, operational challenges, or simply career moves, but the lack of a permanent replacement lined up adds uncertainty.
Howlett's background is solid—she was CAO at Trane Technologies and spent over a decade at PwC—but her experience has been primarily in accounting rather than the broader strategic, capital allocation, and investor relations responsibilities typical of a CFO role. Watch for the company's next earnings call and any announcements about a permanent CFO hire. The length of Howlett's interim tenure and the profile of the eventual permanent replacement will signal whether this is routine succession planning or reflects deeper strategic changes at the young standalone company.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Amit Banati, the current Chief Financial Officer, will step down from his role effective May 12, 2026.
The company announced that its current Chief Financial Officer, Amit Banati, will step down from his role effective May 12, 2026. This represents a significant leadership change in the finance function. The company has appointed an interim replacement but the departure of a CFO is a material event that can signal strategic shifts or operational challenges.
Added in current filing · verify on EDGAR →
Pursuant to the offer letter entered into by the Company and Ms. Howlett in connection with her appointment as interim Chief Financial Officer, Ms. Howlett will receive a monthly stipend of $125,000 (in addition to her current compensation package), to be paid each month in which she serves as interim Chief Financial Officer (prorated for partial months).
Ms. Howlett will receive an additional $125,000 per month while serving as interim CFO, on top of her existing compensation package which includes an annual base salary of $544,116, target bonus of $299,264, and equity awards valued at $420,000. This represents significant incremental compensation for the dual role responsibilities.
Added in current filing · verify on EDGAR →
Ms. Howlett, age 48, has served as Chief Accounting Officer of the Company since May 2023. Ms. Howlett joined Johnson & Johnson in September 2022 as the Chief Accounting Officer Designee for Johnson & Johnson’s planned New Consumer Health Company in anticipation of the Company’s separation. Previously, Ms. Howlett served as the Chief Accounting Officer for Trane Technologies from March 2020 to August 2022, following roles of increasing responsibility at Trane Technologies, Catalent Pharma Solutions, Honeywell and Tyco and more than a decade at PricewaterhouseCoopers LLP.
Ms. Howlett brings extensive accounting and finance experience, having served as Chief Accounting Officer at both Kenvue (since May 2023) and Trane Technologies (2020-2022), with prior roles at major corporations and over a decade at PwC. Her background suggests she has the technical expertise to handle the CFO role, though her experience has been primarily in accounting rather than broader CFO responsibilities.
Event · Item 9.01 — Financial Statements and Exhibits
Kenvue disclosed an offer letter dated April 10, 2026, between Kenvue Brands LLC and Heather Howlett.
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Offer Letter, dated as of April 10, 2026, by and between Kenvue Brands LLC and Heather Howlett.
Kenvue disclosed an offer letter with Heather Howlett dated April 10, 2026. The 8-K does not provide details about the role, compensation, or terms of the offer letter, as the full exhibit is not included in the body text. This suggests a potential new hire or executive appointment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify