Fortune Brands adds former Goodyear exec to leadership team
Fortune Brands Home & Security, a leading home and security products company, has named Jason Baab as VP of mergers and acquisitions. His role will support the company’s growth strategy that includes expanding its portfolio.
The company also promoted Elif Sagsen-Ercel to VP of strategy. Baab and Sagsen-Ercel will report to Chuck Elias who was elected by FBHS earlier this year as SVP of strategy and corporate development.
Baab was formerly the director of business development at Goodyear Tire & Rubber Company. He will now lead all aspects of mergers and acquisitions activities, including developing and managing the acquisition pipeline, negotiating and structuring acquisitions and all aspects of deal execution.
“Jason brings a wealth of strong corporate and operating company deal experience both domestically and internationally,” said Elias. “He is a great addition to the team as we look to strengthen our market-leading brands and operating companies globally to create shareholder value.”
Prior to joining Goodyear Tire & Rubber Company in 2011, Baab held previous positions at SPX Corporation, including VP of business development. He was also VP of structured finance at Wachovia Bank and an associate of mergers and acquisitions at Lehman Brothers in the London and Frankfurt offices.
Sagsen-Ercel joined FBHS as senior director of strategy in July and has been instrumental in the development of FBHS portfolio strategy and individual operating company strategies. Sagsen-Ercel came from Hillshire Brands, where she was responsible for strategic planning and innovation. Before Hillshire Brands, Sagsen-Ercel was senior director of strategy and corporate development for Sara Lee, where she had extensive domestic and international involvement in growth strategy development, mergers and acquisitions and business improvement initiatives.
Headquartered in Deerfield, Ill., Fortune Brands Home & Security's brands include Master Lock security products, MasterBrand cabinets, Moen faucets, Simonton windows and Therma-Tru entry door systems.