Fortune approves new management structure
DEERFIELD — Fortune Brands Home & Security Inc. has announced senior management changes related to the separation of its Cabinetry division.
“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.
Cheri Phyfer has been named Group President to lead brand, innovation and channel resources across Fortune Brands. Ron Wilson has been named director of supply chain, leading supply chain and manufacturing operations for all of the company’s brands.
Fortune Brands announced in April that it would pursue a separation via a tax-free spin-off of its Cabinets business.
During her time as President of Water Innovations, Phyfer was instrumental in the company’s success as a multi-brand portfolio while delivering exceptional sales growth and margin advancement. Additionally, she led the evolution of the Water Innovations segment into an innovative digital water technology company, Fortune said.
Additionally, the company is unifying its global supply chain and manufacturing operations under Wilson.
“I believe this new structure will make Fortune Brands a more agile and efficient organization and open up opportunities for growth and shareholder value,” Fink said.