Fortune Brands names new CEO; shares up

Fortune Brands Innovations

29/06/2026 15:19

** Shares of building products supplier Fortune Brands Innovations FBIN.N up ~8% at $49.55
** Co names Jesse Singh as its new CEO, effective immediately
** Most recently, Singh served as CEO of outdoor living products maker The AZEK Company from 2016 to 2025
** Activist investor Ed Garden had built a stake in Fortune Brands and was looking to replace its incoming CEO among other changes
** Co's interim CEO David Barry has been appointed as COO and executive vice president
** As of last close, stock down 1.3% YTD

 (Reporting by Koyena Das from Bengaluru)
 ((Koyena.das@thomsonreuters.com))