Fink described 2025 as a year with “significant volume deleverage” in the industry and said the company has launched a “comprehensive profitability reset.” He said Fortune Brands reduced headquarters headcount by about 10% in 2025 and delivered $60 million in continuous improvement savings. Looking ahead, Fink said the company has identified 2026 footprint and cost initiatives expected to reach an estimated annualized run-rate operating income benefit of $35 million by year-end, though that savings is not i ...

I am intimately familiar with our strategy and our team, have confidence in our ability to create long-term value, and I believe that we have a deep bench of talented professionals who are aligned around our strategic priorities. With that, Nick, I will turn it back to you to cover our earnings.He will remain on the board as we move forward. There will be a short period between Nick's departure and Amit's official start date in May. During this interim period, I will manage the responsibilities of the CEO's ...