Kenvue says that CEO Thibaut Mongon is departing as the maker of Listerine and Band-Aid brands continues with a strategic review of the company.

Kenvue, which was spun off from Johnson & Johnson in 2023, has been working to shore up profitability, especially in its struggling skin health and beauty unit which includes brands like Neutrogena and Aveeno.

Kenvue’s board of directors are considering ‘a broad range of potential alternatives’ and are hunting for a permanent replacement for CEO Thibaut Mongon