Investor Ed Garden’s Trian Fund Management has acquired a significant stake in Fortune Brands Innovations and is advocating for a new CEO. The investment firm believes the company’s valuation is too low and has previously expressed concerns about its slow growth and executive compensation. This move by Trian suggests a push for strategic changes at Fortune Brands.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Investor Ed Garden builds stake in Fortune Brands and seeks new CEO, WSJ reports
Investor Ed Garden’s Trian Fund Management has acquired a significant stake in Fortune Brands Innovations and is advocating for a new CEO. The investment firm believes the company’s valuation is too low and has previously expressed concerns about its slow growth and executive compensation. This move by Trian suggests a push for strategic changes at Fortune Brands.