TheBearCave: CEO and CFO of Fortune Brands Innovations (NYSE: FBIN — $4.91 billion) resigned after six years and one year, respectively. In addition, Mr. Amit Banati, the former CFO of Kellogg’s who signed an employment agreement to become CEO of Fortune Brands Innovations in February, “will not assume the role of Chief Executive Officer” and instead “will receive ‘Make Whole Compensation’ in the form of a one-time cash payment of $18,355,000.” The home security and water management products company has had five CFOs and three CEOs in the last ten years.
CEO and CFO of Fortune Brands Innovations (NYSE: FBIN — $4.91 billion) resigned after six years and one year, respectively. In addition, Mr. Amit Banati, the former CFO of Kellogg’s who signed an employment agreement to become CEO of Fortune Brands Innovations in February, “will not assume the role of Chief Executive Officer” and instead “will receive ‘Make Whole Compensation’ in the form of a one-time cash payment of $18,355,000.” The home security and water management products company has had five CFOs and three CEOs in the last ten years.