Fortune Brands Innovations, Inc.: Jesse Singh Appointed CEO of FBIN

Research evidence excerpt

Fortune Brands Innovations, Inc.: Jesse Singh Appointed CEO of FBIN

Equity Research

U.S. Homebuilding & Building Products

29 June 2026

Fortune Brands Innovations, Inc.

Jesse Singh Appointed CEO of

FBIN First Look

FBIN announced incoming CEO Jesse Singh effective today, FBIN EQUAL WEIGHT

POSITIVEwith current interim CEO Dave Barry to become COO. We view U.S.BuildingHomebuildingProducts &

this as a positive catalyst, reflecting Singh’s proven track Price Target USD 41.00

record of execution at AZEK and well-earned reputation in Price (26-Jun-26) USD 45.96 Potential Upside/Downside -10.8%

Source: Bloomberg, Barclays Researchbuilding products.

Jesse Singh has been appointed CEO of FBIN effective today. Jesse was the former CEO of U.S. Homebuilding & Building

AZEK from 2016 to 2025, until selling the business to JHX, where he remains on the Products

Matthew BouleyBoard. With 3+ months of uncertainty around who would take the helm permanently at

+1 212 526 9029

FBIN, Jesse's name was commonly discussed as among the most attractive candidates for

matthew.bouley@barclays.com

FBIN given his reputation in this space and nine-year track record at AZEK. With today's BCI, US

appointment, FBIN's BoD has delivered an emphatic answer to the uncertainty, and we

Anika Dholakiaexpect that Jesse's appointment will renew investors' willingness to invest with this

+1 212 526 8780

company.

anika.dholakia@barclays.com

BCI, USWe view this announcement as a strong positive catalyst for FBIN. On the other hand, we

view this actually as a modest negative for MAS, which has likely benefited from the challenges Elizabeth Langan

of FBIN in recent quarters. +1 212 526 5960

elizabeth.langan@barclays.com

For FBIN, a leader of Jesse's caliber is a strong first step, in our view.