DEERFIELD, Ill.--(BUSINESS WIRE)--Feb. 25, 2019--
Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading
home and security products company, announced today that it has elected
Irial Finan to its Board of Directors. He was elected by the Board at
its February 21, 2019 meeting and his position is effective immediately.
Additionally, the Company announced that Norman H. Wesley will retire
from the Board of Directors on May 7, 2019.
“We are excited to welcome Mr. Finan to Fortune Brands’ Board of
Directors. He is a well-respected and accomplished global business
leader who brings a wealth of experience to our organization,” said
David Thomas, non-executive Chairman, Fortune Brands. “His vast
international experience in the consumer products industry is a true
asset to help our organization towards continued success.”
Mr. Finan began his 37-year career at The Coca-Cola Company in 1981.
During his tenure, he held key leadership roles including multiple
finance and operational roles across Europe. In 1995, he was promoted to
managing director of Molino Beverages with responsibility for expanding
markets, including Ireland, Romania, Russia and Nigeria. From 2001 to
2003, he served as CEO of bottler Coca-Cola HBC, where he managed the
merger integration of Coca-Cola Beverages PLC and Hellenic Bottling SA.
He led these two combined Coca-Cola bottling operations in 26 countries.
From 2004 until his retirement in 2018, he served as Executive Vice
President of The Coca-Cola Company and President of Bottling Investments
Group, the company-owned worldwide bottling operations. Mr. Finan has
held roles on a number of boards, and actively sits on the boards of
Coca-Cola Bottlers Japan Holdings Inc., Coca-Cola European Partners plc
and Smurfit Kappa Group plc, as well as on the boards of several
charitable and non-public organizations.
“Mr. Finan’s consumer products, brand building and international
expertise and insights will further support our focus on driving
shareholder value as we continue to grow,” said Chris Klein, chief
executive officer, Fortune Brands. “With this latest addition to our
Board, we are even better positioned to execute our business strategy
with a focus on our consumer.”
The retirement of Mr. Wesley is marked by a long and well-respected
tenure both at the predecessor company and on the current Board of
Directors where he served as a member of the Audit Committee and
Compensation Committee. He was Chairman and Chief Executive Officer of
Fortune Brands, Inc. from December 1999 to January 2008. He joined the
Board in 1999 until the spinoff of Fortune Brands Home & Security in
2011, when he transitioned to the current Board.
“We appreciate Mr. Wesley’s many contributions to the company through
his commitment to add value and provide meaningful perspective based on
his deep industry expertise,” said Thomas. “He has left an indelible
mark on our organization and its strong position as it moves forward.”
“I will remain forever thankful for Mr. Wesley’s deep business insights,
wisdom and support over many years, where he helped our business evolve
and grow to what it is today,” said Klein. “With his support and
engagement, we built – and continue to build – a great company with
leading consumer home product brands and market positions around the
world. I offer him my heartfelt wishes for this next chapter in his
life.”
About Fortune Brands
Fortune Brands Home & Security, Inc. (NYSE: FBHS), headquartered in
Deerfield, Ill., creates products and services that fulfill the dreams
of homeowners and help people feel more secure. The Company's operating
segments are Plumbing, Cabinets, and Doors & Security. Its trusted
brands include Moen, Perrin & Rowe, Riobel, Rohl, Shaws and Victoria +
Albert under the Global Plumbing Group (GPG); more than a dozen core
brands under MasterBrand Cabinets; Therma-Tru entry door systems,
Fiberon outdoor performance materials, and Master Lock and SentrySafe
security products in the Doors & Security segment. Fortune Brands holds
market leadership positions in all of its segments. Fortune Brands is
part of the S&P 500 Index. For more information, please visit www.FBHS.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190225005915/en/
Source: Fortune Brands Home & Security, Inc.
Kaveh Bakhtiari
847-484-4573
Kaveh.Bakhtiari@fbhs.com
