Mr. Beresford, 63, is the Ernst & Young Executive Professor of Accounting at the University of Georgia’s Terry College of Business, a position he assumed after serving two terms as FASB chairman. Prior to joining the FASB, he was the National Director of Accounting Standards and a partner at Ernst & Young. Mr. Beresford is a Certified Public Accountant, holds a Certificate in Management Accounting and is certified by the Institute of Certified Management Accountants in Financial Management.
“Denny brings more than 40 years of experience in accounting, finance and business management to Kimberly-Clark,” said Wayne R. Sanders, chairman of the board of directors at Kimberly-Clark. “The perspective he brings as a former FASB chairman and his concern for the public interest in matters of financial accounting and reporting complement K-C’s already strong corporate governance policies and commitment to fairness and transparency for all shareholders.”
Born in Los Angeles, Calif., Mr. Beresford received a bachelor’s degree in Public Accounting from the University of Southern California. After joining Ernst & Young in 1961, Mr. Beresford held several management positions of increasing responsibility and was promoted to partner in 1972. Throughout his career, he has served on boards and committees of numerous financial and accounting organizations and is currently a member of the board of directors and the financial reporting committee of the Institute of Management Accountants (IMA). In addition, Mr. Beresford was appointed to the board of directors of WorldCom, Inc. on July 21, 2002. He and his wife, Marian, reside in Athens, Georgia.
About Kimberly-Clark
Kimberly-Clark Corporation is a leading global consumer products company. Its tissue, personal care and health care products are manufactured in 42 countries and sold in more than 150. Kimberly-Clark is home to some of the world’s most trusted and recognized brands, including Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend. Nearly one-quarter of the world’s population, or 1.3 billion people, use Kimberly-Clark products each year. Kimberly-Clark has been among Fortune magazine’s “Most Admired” corporations since 1983 and was named to its 2002 list of “100 Best Companies to Work For.” For more information about Kimberly-Clark’s well-known brands, visit the Kimberly-Clark Web site at www.kimberly-clark.com.