Fortune Brands Home & Security, Inc. announced the planned retirement of Christopher J. Klein, chief executive officer (CEO), effective January 6, 2020. Nicholas Fink will succeed Klein as CEO and join Fortune Brands' board of directors. Klein will transition to executive chairman of the board and will continue to support Fink, the company and the board.

David M. Thomas, current chairman of the board, will become the lead independent director. As CEO, Fink will lead the overall business and its core portfolio strategy to ensure the Company delivers on its next phase of growth. He will focus on broader opportunities to create incremental shareholder value, including deploying capital, investing in consumer-driven innovation to further differentiate the Company's brands, and developing high-performance teams. As part of a multi-year succession plan, Fink assumed the role of president and chief operating officer earlier 2019 to drive operational and strategic initiatives across the three operating divisions.

Klein first joined Fortune Brands, Inc. in April 2003 as senior vice president, strategy and corporate development.