Investor Ed Garden has reportedly built a stake in Fortune Brands Innovations and is seeking to replace the company’s incoming CEO, Amit Banati. Garden, who runs Garden Investments, believes the current and incoming leadership lack sufficient industry experience. This move comes after Fortune Brands Innovations’ shares fell due to disappointing fourth-quarter results.
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Investor Ed Garden builds stake in Fortune Brands Innovations and seeks new CEO, WSJ reports
Investor Ed Garden has reportedly built a stake in Fortune Brands Innovations and is seeking to replace the company’s incoming CEO, Amit Banati. Garden, who runs Garden Investments, believes the current and incoming leadership lack sufficient industry experience. This move comes after Fortune Brands Innovations’ shares fell due to disappointing fourth-quarter results.