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Fortune Brands Home & Security names CFO

BY HBSDEALER Staff

Fortune Brands Home & Security, a unit of Fortune Brands, has appointed E. Lee Wyatt as senior VP and chief financial officer. He was most recently executive VP and chief financial officer at HanesBrands.

"Lee Wyatt is a talented and proven leader who is a terrific fit for Fortune Brands Home & Security," said Chris Klein, president and CEO of Fortune Brands Home & Security. "Lee has a long track record of helping create shareholder value, and we are excited to welcome him to the FBHS team as we prepare to become a stand-alone company and build on our considerable strengths."

Prior to joining HanesBrands, Wyatt served as a VP of Sara Lee and as chief financial officer of Sara Lee Branded Apparel from 2005 to 2006. Before that he held a number of positions, include executive VP, chief financial officer and treasurer of Sonic Automotive and as VP administration and chief financial officer of Sealy Corp.

Klein also announced other executive appointments, which will lead the investor relations and corporate communications functions. Brian Lantz has joined the company as VP investor relations for Fortune Brands Home & Security, and Gary Ross has been named VP corporate communications.

Wyatt, Lantz and Ross join an executive team at Fortune Brands Home & Security, which will be anchored by veteran leaders who will join Home & Security from the parent company:

• John Heppner, president, Storage & Security
• David Lingafelter, president, Moen
• David Randich, president, Therma-Tru
• Mark Savan, president, Simonton
• Greg Stoner, president, MasterBrand Cabinets
• Elizabeth Lane, senior VP human resources
• Lauren Tashma, senior VP general counsel
• Miriam Van de Sype, senior VP strategy
• Ed Wiertel, senior VP finance

In other Fortune Brands news, the company is aiming to complete the separation of its businesses early in the fourth quarter. The separation remains subject to completion of detailed separation plans, customary regulatory approvals and final board approval.

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A second Lowe’s worker killed

BY Brae Canlen

A Lowe’s employee was killed in a storage facility in Charlotte, N.C., right across the parking lot from one of the retailer’s stores, according to an article in the Charlotte Observer. The 35-year-old man was standing under a garage door when it suddenly fell and hit him on the head at 11 a.m. on June 4.  

A spokesperson for the company told the media that no customers or other employees were involved. Police homicide detectives were investigating, as were investigators from the N.C. Department of Labor, which enforces workplace safety.

This is the second workplace fatality at Lowe’s in less than a month. On May 20, a Lowe’s employee in Enterprise, Ala., was pinned between a delivery truck and a trailer and was airlifted to a local hospital, where he later died from his injuries. Federal authorities from the Occupational Safety and Health Administration (OSHA) are looking into the incident. 

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Industry Dashboard for June 13, 2011

BY HBSDEALER Staff

An unkind week for the stocks brought the Dow Jones Industrial Average back below 12,000. It also weighed on the Home Channel Stock Roundup.

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