Fortune Brands CEO To Retire

Published: 08/16/2011

Deerfield, Ill. —  Fortune Brands Inc. recently announced that its chairman and CEO will retire following the completion of the planned separation of its businesses.

Fortune brands also announced the completion of the sale of its Acushnet Company golf business to a group led by Fila Korea Ltd. and Mirae Asset Private Equity. The price was $1.225 billion in cash.