Company and Starboard Value LP Enter into Cooperation Agreement SKILLMAN, N.J.–(BUSINESS WIRE)– Kenvue Inc. (NYSE: KVUE), the world's largest pure-play consumer health company by revenue, today announced the appointment of two new independent directors, Sarah Hofstetter, President of Profitero, Ltd., and Erica Mann, former President and Head of Bayer's Consumer Health Division, to the Company's Board of Directors (the "Board"). Additionally, Jeffrey Smith, Managing Member, Chief Executive Officer and Chief Investment Officer of Starboard Value LP (together with certain of its affiliates, "Starboard") will join the Board. All three appointments are effective immediately. "We are pleased to welcome Sarah, Erica and Jeff as new directors on Kenvue's Board," said Larry Merlo, Chair of Kenvue's Board.