DEERFIELD, Ill.--(BUSINESS WIRE)--
Fortune Brands Home & Security, Inc. (NYSE: FBHS), an industry-leading
home and security products company, today announced that Patrick
Hallinan has been named senior vice president and chief financial
officer, reporting to CEO Chris Klein. The Company's current senior vice
president and chief financial officer, Lee Wyatt, has been named
executive vice president and will retire at the end of 2017, as
previously announced. Both positions are effective July 1, 2017.
"Over the last six years with Lee's leadership, we established a strong
company-wide finance team and strong management procedures in all areas
of finance. With strong processes and leadership in place, and a
transition plan that has gone very well, we've accelerated Pat's move
into the CFO role," said Chris Klein, chief executive officer, Fortune
Brands. "Pat is deeply familiar with our strategy and business, having
held senior finance roles at our two largest segments: Cabinets and
Plumbing. He is a proven leader who understands our performance-driven
culture focused on maximizing shareholder value."
In January 2017, Hallinan assumed the position of senior vice president
of finance in order to begin the transition to the CFO role. For the
previous three years, he served as chief financial officer of the
Plumbing segment. He previously served as vice president of finance at
Beam Inc. and as vice president of finance at the Cabinets segment for
three years. Hallinan began his career as a consultant at Booz Allen
Hamilton. Over the last 25 years he has developed deep finance, strategy
and general management experience and today is well positioned to lead
the Company into its next phase of growth.
"I am grateful to Lee for his significant contributions since we became
a stand-alone company in 2011. With his partnership, we built a solid
foundation to drive profitable growth over the long-term while
delivering exceptional returns for shareholders," said Klein.
As executive vice president, Wyatt will continue to serve in a senior
leadership role through the end of 2017 and will provide ongoing support
to Klein, Hallinan and other members of the executive team on a variety
of financial, strategic and operational matters.
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 four
operating segments are Cabinets, Plumbing, Doors and Security. Its
trusted brands include more than a dozen core brands under MasterBrand
Cabinets; Moen, ROHL and Riobel under the Global Plumbing Group (GPG);
Therma-Tru entry door systems; and Master Lock and SentrySafe security
products under The Master Lock Company. 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.
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