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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fortune Brands | LSE:FBI | London | Ordinary Share | COM STK $3.125 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
FORTUNE BRANDS ANNOUNCES MANAGEMENT CHANGE AT BEAM GLOBAL SPIRITS & WINE Fortune Brands, Inc. (NYSE:FO) today announced that Tom Flocco, president and chief executive officer of its Beam Global Spirits & Wine business, will leave the company to pursue other interests. The Beam Global senior executive team will report to Bruce Carbonari, chairman and chief executive officer of Fortune Brands, on an interim basis while a search is conducted for a successor. "Tom and the Beam Global team have accomplished a great deal over the past several years to build our spirits business into one of the top four premium spirits companies in the world,"Carbonari said."Notably, our spirits business doubled in size and elevated its portfolio with the acquisition of the Allied Domecq brands in 2005, and has begun simplifying and building its routes to market in the U.S. and globally. We're confident Beam Global is on the path to a future of promising opportunities and stronger performance, and we're committed to taking our spirits business to the next level. We appreciate Tom's many contributions to Beam Global's success and wish him all the best in the future." "The people of Beam Global can be proud of the significant progress we've made together,"said Flocco."Now that we've successfully unwound our former partnership with V&S Group and defined the business's new routes to market, I'll step aside after six years with Beam Global and pursue new challenges. I leave Beam Global with the utmost confidence in the company's brands, people and future possibilities." Flocco joined Fortune Brands in 1999 as senior vice president of strategy and corporate development, moved to the spirits unit in 2003 as chief operating officer, and became president and CEO of the spirits business in January of 2004. * * * About Fortune Brands Fortune Brands, Inc. is a leading consumer brands company with annual sales exceeding $8 billion. Its operating companies have premier brands and leading market positions in distilled spirits, home and hardware, and golf products. Beam Global Spirits & Wine, Inc. is the company's premium spirits business. Major spirits brands include Jim Beam and FORTUNE BRANDS ANNOUNCES MANAGEMENT CHANGE AT BEAM GLOBAL SPIRITS & WINE, PAGE 2 Maker's Mark bourbon, Sauza tequila, Canadian Club whisky, Courvoisier cognac, Cruzan rum, Teacher's and Laphroaig Scotch, and DeKuyper cordials. Home and hardware brands include Moen faucets, Aristokraft, Omega, Diamond and Kitchen Craft cabinetry, Therma-Tru door systems, Simonton windows, Master Lock padlocks and Waterloo tool storage sold by units of Fortune Brands Home & Hardware LLC. Acushnet Company's golf brands include Titleist, Cobra and FootJoy. Fortune Brands, headquartered in Deerfield, Illinois, is traded on the New York Stock Exchange under the ticker symbol FO and is included in the S&P 500 Index, the MSCI World Index and the Ocean Tomo 300(tm)Patent Index. To receive company news releases by e-mail, please visit www.fortunebrands.com. ž ž ž Contact: Media Relations: Investor Relations: Clarkson Hine Tony Diaz (847) 484-4415 (847) 484-4410
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