Fortune Brands, the parent company of wood-alternative decking, railing, and fencing manufacturer Fiberon, has announced key organization and leadership changes.
In April, Fortune Brands announced it would pursue a separation into two world-class companies. As the separation progresses ahead of schedule, the company is actively taking steps to prepare for sustained, accelerated value creation.
The company’s brand, innovation and channel organization will report to Cheri Phyfer in the newly created role of group president, Fortune Brands. In her time as president of Water Innovations, Phyfer was critical in driving the success of the platform as a multi-brand portfolio while delivering exceptional sales growth and margin progression. Additionally, Phyfer led the evolution of the Water Innovations segment toward an innovative, digitally enabled water technology company.
Additionally, Fortune Brands is unifying its global supply chain and manufacturing operations under Ron Wilson in the newly created role of chief supply chain officer, Fortune Brands. Wilson is an experienced supply chain and operations executive, who, prior to this role, led Water Innovations’ global supply chain.
Marty Thomas, formerly the SVP, Operations and Supply Chain Strategy at Fortune Brands, will be transitioning to a key advisory role, and as part of a planned succession, will be retiring at the end of the year. Brett Finley, formerly the president of the Outdoors & Security segment, will also be moving to a key advisory role through the end of the year, at which point he will be departing the organization to pursue other opportunities.
“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, Fortune Brands. “This organization redesign will position us to capture the many opportunities we see to drive accelerated growth and margin progression in the years ahead. We are transitioning from a decentralized structure with separate businesses to a more aligned operating model that will prioritize activities that are core to brand, innovation, and channel. Additionally, we are aligning all of our global supply chain resources under a chief supply chain officer to fully leverage the scale and execution excellence of our total business.”