Earlier this week Fortune Brands Home and Security Inc., a home and security products company, announced key organization and leadership changes, that the company says enable it to “drive accelerated growth and productivity.”

“The upcoming separation of our company represents more than just the creation of two world-class, public companies; it also represents an opportunity for Fortune Brands to take the next steps in its evolution,” said Nicholas Fink, CEO, Fortune Brands. “This organization redesign will position us to capture the many opportunities we see to drive accelerated growth and margin progression in the years ahead. We are transitioning from a decentralized structure with separate businesses to a more aligned operating model that will prioritize activities that are core to brand, innovation, and channel. Additionally, we are aligning all of our global supply chain resources under a chief supply chain officer to fully leverage the scale and execution excellence of our total business.”

The company’s brand, innovation and channel organization will report to Cheri Phyfer, who is serving in the newly created role of group president, Fortune Brands. In her time as president of Water Innovations, Phyfer drove the success of the platform as a multi-brand portfolio while delivering exceptional sales growth and margin progression.

“The performance of Water Innovations demonstrates that Fortune Brands has the experience and ability to transition businesses into high performing, multi-brand portfolios. Under our new structure, we intend to maximize performance and productivity enhancing capabilities across the entire Fortune Brands portfolio,” said Fink.

Additionally, the company is unifying its global supply chain and manufacturing operations under Ron Wilson in the newly created role of chief supply chain officer, Fortune Brands. This change will drive the scale the company says it needs for critical strategic sourcing and planning initiatives, lean manufacturing, and increased efficiency to help unlock the full potential of the Fortune Brands Advantage. Wilson is an experienced supply chain and operations executive, who, prior to this role, led Water Innovations’ global supply chain.

“I am confident this new structure will make Fortune Brands a more agile and efficient organization and will unlock opportunities for growth and shareholder value. I am excited to continue leading Fortune Brands into its next phase of market-beating performance. More than ever before, we will truly be able to harness the power of our scale and execution excellence across all of our brands,” Fink said. “Additionally, I am especially grateful to Cheri and Ron for taking on these key leadership roles.”

As part of a planned succession, Marty Thomas, formerly the senior vice president, operations and supply chain strategy at Fortune Brands, will be transitioning to a key advisory role, and will be retiring at the end of the year. Brett Finley, formerly the president of the outdoors and security segment, will also be moving to a key advisory role through the end of the year, at which point he will be departing the organization to pursue other opportunities.

In April 2022, Fortune Brands announced it would pursue a separation into two companies via a tax-free spin-off of its cabinets business. As the separation progresses ahead of schedule, the company is actively taking steps to prepare for sustained, accelerated value creation.

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