News Summary
Fortune Brands Innovations, Inc. has announced plans to consolidate its U.S. regional offices into a new campus headquarters in Deerfield, Illinois. This strategic move aims to foster a collaborative environment, enhance innovation, and streamline leadership. The new headquarters is expected to accommodate over 1,000 employees by 2027 and will provide a hub for digital solutions and improved core products. Leadership restructuring is also underway to ensure direct communication and agility within the organization, setting the stage for long-term growth and success.
Exciting Changes Ahead for Fortune Brands Innovations!
Fortune Brands Innovations, Inc. is making some significant moves to enhance its operations and boost growth! The company has announced a plan to consolidate its U.S. regional offices into a brand new campus headquarters located in Deerfield, Illinois. This exciting change is aimed at fostering a more collaborative office environment and positioning the company for long-term success.
What Does the New Headquarters Mean?
The new campus will not only serve as a dynamic workplace but is also set to become a hub for innovation. The goal here is to accelerate digital solutions while improving core products. By bringing all regional offices under one roof, Fortune Brands hopes to unify its associates, making it easier for teams to work together and share ideas.
Room to Grow!
Planned to accommodate over 1,000 professional associates by 2027, the new headquarters will consist of two buildings designed to create a welcoming and efficient atmosphere for employees. This change is made even more appealing because it received a lil’ boost from the State of Illinois through its Economic Development for a Growing Economy (EDGE) program, which provides annual tax credits.
Keeping the Best of Both Worlds
Don’t worry if you’ve been relying on Fortune Brands’ digital solutions in San Francisco, California! The company will keep its digital-focused office in the Bay Area running smoothly. Other U.S. manufacturing, distribution centers, and sales offices will also remain in operation as usual. This way, the company is ensuring continuity while pursuing growth.
Streamlining Leadership for Better Collaboration
A New Era for Leadership
As part of this restructuring, several leaders in the organization are stepping up into executive roles. These promotions include prominent figures such as Leigh Avsec, Aaron Bores, Kevin Campbell, Mark-Hans Richer, Rachel Roberts, and David Youn. Meanwhile, Dave Barry, currently the CFO, will take on the role of President of Security and Connected Products. His new focus will be on overseeing growth in the company’s digital business, ensuring they stay ahead in a rapidly evolving market.
A Transition Period
Barry will continue to serve as CFO until the company finds a replacement, working closely with the new hire during the transition. This careful planning is aimed at maintaining stability while embracing change. The CEO has expressed confidence in these strategic adjustments, believing they will unlock new opportunities for growth and enhance shareholder value.
What’s Next?
For those eager to learn more about these developments, Fortune Brands will be holding a detailed report during its upcoming fourth quarter and full-year earnings call scheduled for February 6, 2025. It’s sure to be an exciting time for the company and its associates, as they embark on this new chapter!
Stay tuned for more updates as Fortune Brands Innovations continues on its path to creating an innovative and collaborative workplace for all!
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