Fortune Brands Innovations Announces Organizational Overhaul

By Tamara Parker • Wednesday, January 22 10:23 • Permanent Link

Fortune Brands Innovations, Inc. (NYSE: FBIN) has announced significant organizational and leadership changes in its recent press release, aimed at driving accelerated growth and alignment.

One of the key changes is the consolidation of its U.S. regional offices into a single state-of-the-art headquarters in Deerfield, Illinois. This move is expected to provide a collaborative office environment, fuel innovation, accelerate digital solutions, and drive growth in core products. The company's headquarters will occupy two buildings on its campus in Deerfield, ultimately accommodating over 1,000 professional associates by the end of 2027.

The company also revealed a simplified executive leadership structure by eliminating the role of group president, aiming for closer working relationships between the CEO and Fortune Brands’ commercial leaders. As a result, several leaders have been elevated to the Fortune Brands executive team.

David Barry, the current CFO, has been named as the President of Security and Connected Products. In this role, he will be responsible for leading the company’s iconic security business and driving growth in its digital business, including Yale and August smart residential locks, Master Lock connected lockout tagout, and the Moen smart water ecosystem.

As a result of these changes, Fortune Brands has initiated a search for Barry’s replacement as CFO. The company emphasized its commitment to becoming a more agile and efficient organization that unlocks opportunities for growth and shareholder value.

These changes were announced ahead of Fortune Brands’ upcoming fourth quarter and full-year 2024 earnings call on February 6, 2025.

Fortune Brands Innovations, Inc. is a leading innovation company focused on creating smarter, safer, and more beautiful homes. Its portfolio of brands includes Moen, House of Rohl, Aqualisa, Springwell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe, and Yale Residential. The company is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN. The market has reacted to these announcements by moving the company's shares -0.9% to a price of $73.69. For the full picture, make sure to review Fortune Brands Innovations's 8-K report.

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