Kenvue said Monday that its board was taking steps to realize shareholder value and allow the company to “reach its full potential,” including the appointment of a new CEO.Shares climbed 5.5% to $22.52 in premarket trading after the owner of the Band-Aid and Tylenol brands named Kirk Perry as interim CEO,

Kenvue's has fired CEO Thibaut Mongon, who has also stepped down from the board, the consumer health company said on Monday, marking its second major executive shake-up this year amid mounting investor pressure to boost performance.

American consumer health company Kenvue's Board of Directors announced new actions to unlock shareholder value and an interim CEO on Monday.