Management ChangeJun 29, 2026, 09:07 AM
Fortune Brands Appoints Jesse Singh as CEO; David Barry as COO
AI Summary
Fortune Brands Innovations, Inc. announced the appointment of Jesse G. Singh as its new Chief Executive Officer and a Class I member of the Board, effective June 29, 2026. Singh previously served as CEO of The AZEK Company Inc. Concurrently, David V. Barry, the Company's Interim CEO, was appointed Executive Vice President and Chief Operating Officer. Singh's compensation package includes an annual base salary of $1.1 million, a 150% annual bonus target, and a $6.7 million long-term incentive target, along with significant inducement equity awards.
Key Highlights
- Jesse G. Singh appointed Chief Executive Officer and Class I Board member, effective June 29, 2026.
- David V. Barry appointed Executive Vice President and Chief Operating Officer, effective June 29, 2026.
- Singh's annual base salary set at $1,100,000.
- Singh's annual bonus target is 150% of his annual base salary.
- Singh's annual long-term incentive compensation award target is $6,700,000.
- Singh to receive inducement awards: 850,000 performance-based RSUs and 300,000 service-based stock options.
- Barry to receive a performance-based RSU award with a target value of $1,200,000.
- Barry to receive a service-based stock option award for 25,000 shares.
Price Impact
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