Fortune Brands launches CEO search; David Barry interim CEO; CFO departs; Ed Garden joins board

Fortune Brands Innovations, Inc.

Amit Banati will not become CEO; Nicholas Fink accelerated departure; David Barry appointed Interim CEO effective March 16, 2026.
CFO Jonathan Baksht steps down; Ashley George named Interim CFO.
Ed Garden, Garden Investments founding partner, appointed to board under cooperation agreement; company will propose declassification.
Full-year 2026 outlook update expected on Q1 2026 earnings call; headwinds cited but fundamentals strong.
Banati receives $18.355M in make-whole compensation; Barry gets $18K monthly stipend plus increased bonus targets.

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