The reorganization will help maximize performance and productivity. By Loren Kessell
Fortune Brands Home & Security (FBHS) announced its new operational-focused structure to better align the company with its growth and productivity priorities. “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, Chief Executive Officer, Fortune Brands.
NKBA W2W advisor Cheri Phyfer was named Group President, and she will lead the brand, innovation and channel resources across all Fortune Brands. Phyfer was a key driver for the success of the platform as a multi-brand portfolio while delivering sales growth and margin progression. She also led the evolution of the Water Innovations segment toward a digitally enabled water technology company.
“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,“ explained Fink. “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.”
“More than ever before, we will truly be able to harness the power of our scale and execution excellence across all of our brands.” — Nicholas Fink, CEO, Fortune Brands
Ron Wilson was named to the newly created role of Chief Supply Chain Officer, Fortune Brands.
Marty Thomas, formerly the SVP, Operations and Supply Chain Strategy at Fortune Brands, will move to a key advisory role and retire at the end of the year. Brett Finley, formerly the President of the Outdoors & Security segment, will also move to a key advisory role through the end of the year and will leave the organization to pursue other opportunities.
“More than ever before, we will truly be able to harness the power of our scale and execution excellence across all of our brands,” said Fink. “Additionally, I am especially grateful to Cheri and Ron for taking on these key leadership roles.”
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