Fortune Brands Names New CEO For Spirits Business

Maker of consumer products ranging from Jim Beam bourbon to Titleist golf equipment appointed Matthew J. Shattock as CEO of its Beam Global Spirits & Wine business.

DEERFIELD, Ill. (AP) -- Fortune Brands Inc., which makes consumer products ranging from Jim Beam bourbon to Titleist golf equipment, said Monday it has appointed Matthew J. Shattock as chief executive officer of its Beam Global Spirits & Wine business.

The Deerfield, Ill.-based company said Shattock, 46, will take over the position on April 22. Fortune Brands Chief Executive Bruce Carbonari has been leading the spirits business on an interim basis since Tom Flocco resigned from the job in October.

Shattock comes to the company after six years leading business units at Cadbury PLC and before that, 17 years at consumer products company Unilever.

He will oversee the company's unit that includes brands such as Jim Beam, Courvoisier, Maker's Mark, Cruzan and Canadian Club.

Fortune Brands, which also makes Moen brand faucets and other household goods, said in 2008 Beam Global accounted for about one-third of its total sales. All three businesses -- golf, spirits and household goods -- have been hurting amid the recession as consumers cut back on spending.

Shares of Fortune Brands rose 95 cents, or 4.4 percent, to $22.54 in midday trading. The stock has ranged from $17.67 to $74.44 over the past year.

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