Fortune Brands Home and Security, Inc. (FBHS) has announced the planned retirement and transition of Christopher J. Klein as CEO to the executive chairman for the board of directors. David M. Thomas, current chairman of the board, will become the lead independent director.

The transition is set to take place on January 6, 2020, with Nicholas Fink succeeding Klein as CEO and also joining the board of directors. Under Fink, the teams will continue to execute the consistent strategies and priorities communicated during the company’s February 2019 investor day.

“Under Nick’s leadership, we have many new opportunities across the businesses to drive continued growth and performance improvement,” said Klein. “His deep understanding of our markets and proven track record of success, as well as his leadership with industry-leading consumer brands, uniquely positions him to lead the company in our next phase of growth.”

As part of a multi-year succession plan, Fink assumed the role of president and COO earlier this year to drive operational and strategic initiatives across the three operating divisions. He joined FBHS in 2015 to lead the Global Growth and Development team until August 2016 when he became the president of the newly-formed Global Plumbing Group (GPG). Before that, fink worked as president of Beam Suntory’s Asia Pacific and South America branches, and formerly led the Canadian business.

Klein first joined FBHS in April 2003 as senior vice president, strategy and corporate development. Since becoming president and COO in 2009, CEO in 2010, and taking the company public in 2011, Klein has guided the Company through its recovery from the historic 2008 housing downturn, built a management team, and established platforms for future growth across the door market among other things.

“As we move into 2020, with the housing market improving and our businesses positioned to capture incremental profit and growth, it is a good environment for this transition in leadership,” Klein said.

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