04:49 PM EDT, 03/16/2026 (MT Newswires) -- Fortune Brands Innovations ( FBIN ) said Monday its board has launched a search process to identify the company's next chief executive.

Amit Banati has decided to step aside and will no longer become CEO in May, the company said.

Fortune Brands said President of Security and Connected Products David Barry has been named interim CEO.

The company said its board has appointed Ed Garden, founding partner and CEO of Garden Investments, as a director following a cooperation agreement with Garden Investments.

Additionally, Chief Financial Officer Jonathan Baksht has stepped down, effective immediately, the company said, adding Ashley George, SVP of Finance and Business Unit CFO, has been named interim CFO.