Fortune Brands Innovations, Inc.·Industrials

DEERFIELD, Ill.--(BUSINESS WIRE)-- #FBIN--Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), today announced a series of governance and leadership updates: The Board has launched a comprehensive search process, with the assistance of a leading executive search firm, to identify the Company's next Chief Executive Officer; Amit Banati has decided to step aside and will no longer assume the role of CEO in May. He has also stepped down from the Board; David Barry, President.

Shares of Fortune Brands Innovations, Inc. (NYSE: FBIN - Get Free Report) have earned an average rating of "Hold" from the fifteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy

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Fortune Brands Innovations, Inc. provides water, outdoor, and security products, including water management, connected products, outdoor living, material conversion, sustainability, safety, and wellness. The company's portfolio of brands comprising Moen, House of Rohl, Aqualisa, Therma-Tru, Larson, Fiberon, Master Lock, and SentrySafe. Fortune Brands Innovations, Inc. was incorporated in 1988 and is headquartered in Deerfield, Illinois.