Fortune Brands Appoints Matt Shattock CEO of Beam Global Spirits & WineMarch 17, 2009
Deerfield, Illinois, March 16, 2009 - Fortune Brands, Inc. (NYSE: FO) today announced the appointment of Matthew J. Shattock as chief executive officer of its Beam Global Spirits & Wine business. Shattock is a veteran leader in the consumer packaged goods industry who most recently led major business units of Cadbury Plc. His appointment is effective April 22, 2009.
"We are delighted that Matt Shattock will be the next CEO of Beam Global Spirits & Wine," said Bruce Carbonari, chairman and chief executive officer of Fortune Brands. "With his many years of experience running consumer businesses in the US and internationally, Matt is a proven leader with a strong record of driving growth and building powerful brands. His skilled leadership and strong passion to win will serve Beam Global well as we seek to further elevate the performance of the business and execute its vision of 'building brands people want to talk about.'" Beam Global Spirits & Wine is the world's fourth largest premium spirits company with global premium brands including Jim Beam, Sauza, Courvoisier, Maker's Mark, Canadian Club, Cruzan and Laphroaig. In 2008, Beam Global accounted for one-third of Fortune Brands' total sales and 57% of operating income before charges.
"The opportunity to lead a business with such heritage and promise is incredibly exciting," said Shattock. "Beam Global's assets - its enviable portfolio of premium brands, great people and powerful vision - are an excellent foundation on which to build future success. I look forward to joining the Beam Global and Fortune Brands family."
Shattock comes to Beam Global following six years leading business units at Cadbury Plc and 17 years at Unilever. At Cadbury, the global confectionery company with 2008 sales of 5.4 billion British pounds, Shattock was most recently president of the Britain, Ireland, Middle East & Africa region, a business driving approximately one-third of Cadbury's total revenues. He previously served as president of Europe, Middle East & Africa, and as president of Americas Confectionery. Prior to joining Cadbury in 2003, Shattock was chief operating officer of Unilever Best Foods North America, a $3 billion food and beverage business, having previously held management and brand development positions of increasing responsibility at Unilever.
Shattock earned a BA with honors from Durham University (UK) and also served as a tank troop commander in the British Army. He, his wife and three children plan to relocate from the UK to the Chicago area.
About Fortune Brands
Fortune Brands, Inc. is a leading consumer brands company. Its operating companies have premier brands and leading market positions in distilled spirits, home and hardware, and golf products. Beam Global Spirits & Wine, Inc. is the company's premium spirits business. Major spirits brands include Jim Beam and Maker's Mark bourbon, Sauza tequila, Canadian Club whisky, Courvoisier cognac, Cruzan rum, Teacher's and Laphroaig Scotch, and DeKuyper cordials. Home and hardware brands include Moen faucets, Aristokraft, Omega, Diamond and Kitchen Craft cabinetry, Therma-Tru door systems, Simonton windows, Master Lock security products and Waterloo tool storage sold by units of Fortune Brands Home & Hardware LLC. Acushnet Company's golf brands include Titleist, Cobra and FootJoy. Fortune Brands, headquartered in Deerfield, Illinois, is traded on the New York Stock Exchange under the ticker symbol FO and is included in the S&P 500 Index and the MSCI World Index.
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