Fortune Brands said its board has started a search process to identify the company’s next CEO. Amit Banati will no longer assume the CEO role in May and has stepped down from the board. David Barry, president of Security and Connected Products and a former CFO, was appointed interim CEO effective immediately. The board appointed Ed Garden, founding partner and CEO of Garden Investments, as a director and added him to the Compensation Committee and the Nominating and Governance Committee. Chief Financial Officer Jonathan Baksht stepped down, and SVP of Finance and Business Unit CFO Ashley George was named interim CFO.
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