Fortune Brands names new CEO

Building materials giant Fortune Brands has announced Bruce Carbonari will take over the post of CEO effective Jan. 1, 2008.

Carbonari currently serves as president and COO for the company, which makes home improvement and housewares products under brands including Moen faucets, Simonton Windows and Master Lock.

Carbonari will succeed Norm Wesley, who will continue as chairman of the company’s board of directors.

"This announcement today begins a smooth transition of leadership and provides continuity for Fortune Brands," Wesley said. "Fortune Brands has a proud history of developing management talent from within, and my decision and this transition are logical steps in that process.”

Carbonari has been with Fortune Brands for 17 years, holding key leadership positions throughout. He served as president of Moen in 1990, the year it was acquired by Fortune Brands. He also served as head of the company’s Home & Hardware subsidiary from 2000 to 2006.

Carbonari holds a bachelor’s degree in finance and accounting from Boston College and a master's degree in management sciences from Hartford Graduate Center. Carbonari currently serves as vice chairman of the policy advisory board for the Joint Center for Housing Studies at Harvard University.

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