Full-Time
Director of Project Management
Fortune Brands
1,001-5,000 employees
Markets branded water, outdoor, security solutions
Compensation Overview
$140k - $220k/yr
Highland Park, IL, USA
Hybrid
Hybrid schedule: in-office Tue-Thu in Deerfield, IL; remote Mon & Fri.
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- Bachelor’s degree in engineering is preferred; MBA is preferred
- Minimum of 10 years of experience in progressively responsible positions involving complex program and project management in an engineering/technical product development environment is required
- Minimum of 8 years of experience in successfully leading multiple cross-functional and global teams
- Broad and working knowledge of project management techniques and best practices including but not limited to agile, work breakdown structure, critical path management, risk mitigation
- In-depth knowledge of product development and design processes is required
- Must be team oriented with excellent verbal and written skills
- A proven leader with well-developed business acumen
- Experience in consumer durable products is preferred
- Lead program and project management for Security products.
- Partner with leadership to lead the development and management of project plans that execute the product strategies to achieve Growth and OI objectives and align with FBIN’s overall strategic portfolio requirements.
- Partner with Operations internal and external suppliers to ensure the most efficient and effective project management capabilities are in place to align strategic decision-making, stage gate reviews, design reviews and risk mitigation, in order to successfully execute product strategies.
- Accountable for directing a portfolio of complex and wide-ranging product development projects involving multiple internal and external stakeholders and enterprise leaders.
- Lead multiple cross-channel, project management teams in validation of financial forecasts, reconciliation of resources and management of project expenditures. Establish and manage global project budgets.
- Represent the project management function managing all technical product development activity in various project governance and inter-department forums including executive team and potentially Fortune Brand Home and Security (FBHS) updates.
- Responsible for attracting, developing and maintaining the technical project management talent to successfully execute the product development strategies.
- Responsible for leading major change management initiatives.
- Collaborate with Marketing, Innovation and Insights to understand and drive the Consumer Experience into FBIN product.
- Understand consumer’s needs/wants/desires; apply these insights into impactful product attributes and features.
Fortune Brands Innovations (FBIN) focuses on water, outdoors, and security solutions for homes, commercial buildings, and security-conscious consumers. It sells branded products through retail stores, online platforms, and direct sales to builders, relying on its portfolio of trusted brands and a disciplined channel strategy to reach a broad audience. The company operates using the Fortune Brands Advantage, a business model that emphasizes brand leadership, continuous product improvement, and expanding distribution to drive long‑term growth. FBIN differentiates itself from competitors by leveraging its strong brand recognition, a diversified product mix across water, outdoor, and security categories, and an active approach to channel management to reach both consumers and professional builders. Its goal is to achieve sustained growth and market share gains by maintaining brand leadership, expanding distribution, and meeting evolving customer needs with practical, reliable products.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Deerfield, Illinois
Founded
2012
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Simplify's Take
What believers are saying
- New CEO Jesse Singh brings AZEK track record of 20x EBITDA sale value and margin expansion
- $70 million annualized cost savings will be fully realized by early 2027 to improve operating margins
- Strategic Fiberon review could unlock value via sale, with precedent at 20x EBITDA to James Hardie
What critics are saying
- Operating margin may collapse below 5% due to execution failures in new construction within 3–9 months
- Moen specification share losses to Delta Faucet and Kohler in declining 11.3% YoY new-home market
- Debt covenant breach could force Security segment sale at distressed valuation if EPS drops below $1.80
What makes Fortune Brands unique
- Fortune Brands leverages Moen, Therma-Tru, and Master Lock brands across water, outdoors, and security sectors
- The Fortune Brands Advantage operating model drives long-term performance and market adaptability
- FBIN combines brand leadership, innovation, and strategic channel management to capture market share
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Benefits
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Company News
Rapid Ratings International use essential cookies to make its site work. With your consent, Rapid Ratings International may also use non-essential cookies to improve user experience and analyze website traffic. By clicking "Accept," you agree to our website's cookie use as described in our Cookie Policy. You can change your cookie settings at any time by clicking" Preferences ." Fortune Brands Innovation receives Governance Award for advancing supplier risk oversight. June 17, 2026 minute read Fortune Brands Innovation has been selected as the recipient of the Governance Award, recognizing its innovative and disciplined execution in strengthening supplier risk management. As organizations navigate an increasingly complex risk environment, leading companies are those that set new benchmarks for governance through forward-thinking strategies. Fortune Brands stands out as a model in this regard. The organization has demonstrated a consistent commitment to leveraging financial health insights to drive meaningful business outcomes. Its use of RapidRatings has been both comprehensive and strategic, supporting audit and compliance requirements while reinforcing stronger governance across its supply base. A key differentiator for Fortune Brands is its development of clearly defined business risk thresholds centered around the FHR, paired with measurable and accountable mitigation practices. This framework ensures that risk is not only identified, but actively managed and continuously tracked. This commitment is further reflected in the working capital model the organization has built, focused on accelerating and expanding payment terms. This model has not only strengthened Fortune Brands' own program, but has also provided a practical blueprint for other organizations seeking to enhance supplier financial resilience. "Fortune Brands Innovation is a trailblazer in supplier risk governance," said Phil Sabella, Global Head of Account Management. "Through clearly defined risk thresholds, embedded accountability, and the strategic use of financial insights, they have built a program that is not only disciplined and forward-looking, but innovative. Their leadership continues to set a high standard across the risk management community."
Fortune Brands reported Q4 revenues of $1.08 billion, down 2.4% year-on-year and missing analysts' expectations by 5.5%. The company, which manufactures plumbing, security and outdoor living products, delivered a disappointing quarter with full-year earnings per share guidance falling short of expectations. CEO Nicholas Fink acknowledged the challenging external environment whilst highlighting progress on strategic initiatives. The stock has fallen 38.3% since the results and currently trades at $38.44. Among 12 tracked home construction materials stocks, the sector showed mixed Q4 results. Revenues collectively beat consensus estimates by 1%, though next quarter's guidance was in line. Share prices have averaged a 19.7% decline since earnings announcements. Trex performed best in the sector, beating revenue expectations by 11.3%.
Fortune Brands Innovation has fallen nearly 30% year to date and over 50% from 2021 highs, significantly underperforming the S&P 500. The home products company, which owns brands including Moen faucets, Therma-Tru doors and Master Lock, has been heavily impacted by a sluggish housing market since the Federal Reserve began raising interest rates in 2022. The company currently holds a Zacks Rank #5 (Strong Sell), with earnings estimates revised lower by 10.3% for this year and 14.6% for next year. Over the past five years, earnings have declined nearly 40% whilst annual sales have dropped more than 22% from their 2019 peak. With interest rates remaining elevated and affordability constrained, analysts see limited near-term catalysts for recovery in this cyclical business.
Fortune Brands shareholders have endured a difficult six months, with the stock dropping 26.4% to $38.10, partly due to softer quarterly results. Despite the cheaper valuation, concerns remain about the company's fundamentals. Fortune Brands failed to grow organic revenue over the past two years, suggesting potential issues with its products, pricing or go-to-market strategy. Its operating margin decreased by 9.8 percentage points over five years, whilst earnings per share declined 8.9% annually during the same period, even as revenue grew 4.3%. The stock currently trades at 10.6× forward price-to-earnings ratio. Whilst the valuation appears reasonable, the company's weakening fundamentals present significant downside risk for investors.
Fortune Brands Innovations experienced a major leadership shakeup this week after activist investor Ed Garden struck a cooperation agreement to join the board. Amit Banati, who was announced as incoming CEO in February with a mid-May start date, stepped down before officially beginning, receiving $18.4 million in cash including an $8 million sign-on bonus and $6 million in accelerated stock vesting. The upheaval followed Garden's firm building a 3% stake after the initial CEO announcement. CFO Jonathan Baksht also departed after less than a year. Former CFO David Barry will serve as interim CEO whilst the board searches for a permanent replacement. Garden joined Fortune Brands' compensation and nominating committees and agreed to cap his stake below 9.9%. Separately, Pictet Asset Management disclosed a 7.6% stake worth $493 million.