Fortune Brands Home & Security (FBHS) announced that it has named Jason Baab vice president of mergers and acquisitions (M&A). His role will support the company’s growth strategy that includes expanding the portfolio through acquisitions. The company also announced the promotion of Elif Sagsen-Ercel to the position of vice president of strategy. Baab and Sagsen-Ercel both report to Chuck Elias who was elected by FBHS earlier this year as senior vice president of strategy and corporate development.
Baab, 39, formerly was the director of business development at Goodyear Tire and Rubber Co. In his new role, Baab will lead all aspects of M&A activities including developing and managing the acquisition pipeline, negotiating and structuring acquisitions and all aspects of deal execution.
“Jason brings a wealth of strong corporate and operating company deal experience both domestically and internationally,” says Elias. “He is a great addition to the team as we look to strengthen our market-leading brands and operating companies globally to create shareholder value.”
Prior to joining Goodyear in 2011, Baab held previous positions at SPX Corp. as the vice president of business development, Wachovia Bank as the vice president of structured finance and associate of M&A at Lehman Brothers in both the London and Frankfurt offices.
Sagsen-Ercel joined FBHS as senior director of strategy in July and has been instrumental in the development of FBHS portfolio strategy and individual operating company strategies. Sagsen-Ercel came from Hillshire Brands, where she was responsible for strategic planning and innovation. Before Hillshire Brands, Sagsen-Ercel was senior director of strategy and corporate development for Sara Lee, where she had extensive domestic and international involvement in growth strategy development, M&A and business improvement initiatives.
(From dwmmag.com October 2013)