NYSE:FBINBuilding
Fortune Brands Leadership Shakeup And Activist Deal Test Turnaround Prospects
Fortune Brands Innovations (NYSE:FBIN) has appointed an interim CEO and an interim CFO while launching a formal search for a permanent chief executive.
The company reached a governance cooperation agreement with activist investor Ed Garden, who has joined the board of directors.
The board plans to phase out its classified structure, following internal leadership changes and shareholder pressure that appear aimed at avoiding a proxy fight.
For investors watching NYSE:FBIN, these leadership...