BUZZ-Fortune Brands names new CEO; shares up

Fortune Brands Innovations

FBIN

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** Shares of building products supplier Fortune Brands Innovations FBIN.N up ~8% at $49.55

** Co names Jesse Singh as its new CEO, effective immediately

** Most recently, Singh served as CEO of outdoor living products maker The AZEK Company from 2016 to 2025

** Activist investor Ed Garden had built a stake in Fortune Brands and was looking to replace its incoming CEO among other changes

** Co's interim CEO David Barry has been appointed as COO and executive vice president

** As of last close, stock down 1.3% YTD

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