Steve Golsby, President & CEO of Mead Johnson Nutrition, and Rob Steele, Vice Chairman – Health Care Strategy of Procter & Gamble, to Join Board of Beam Following Separation of Fortune Brands’ BusinessesDownload
Deerfield, Illinois, August 29, 2011 – Fortune Brands, Inc. (NYSE: FO) today announced the addition of two directors to the board of Beam Inc., the standalone public spirits company to result from the planned separation of its businesses.
Effective December 1, 2011, Stephen W. Golsby, president and chief executive officer of Mead Johnson Nutrition Company (NYSE: MJN), and Robert A. Steele, vice chairman – Health Care Strategy of The Procter & Gamble Company (NYSE: PG), have been elected directors of Beam, the new name for Fortune Brands following the spin-off of Fortune Brands Home & Security expected on October 3rd.
“Steve and Rob are proven and respected leaders who will enhance the Beam board with their vast consumer packaged goods experience,” said David Mackay, the Fortune Brands director who will become non-executive chairman of Beam. “Steve Golsby’s impressive experience building businesses globally and also guiding his company through a split-off will be a valuable asset to our board and the Beam team. And I had the privilege of working with Rob Steele on the board of Kellogg Company and know he will bring keen insights from his decades of leadership experience managing global power brands and developing major innovations. Beam CEO Matt Shattock, our fellow directors and I are delighted to welcome Steve and Rob to our board.”
Steve Golsby, 56, has served as president of Mead Johnson Nutrition Company since 2004 and was appointed chief executive officer in 2008. He led the company through its successful split-off from Bristol-Myers Squibb in 2009, and under his leadership, the Enfamil® family of products has grown to become the largest global brand franchise in pediatric nutrition. Previously, he served as president, international of Mead Johnson from 2001 to 2003 and as senior vice president and general manager for Mead Johnson and Clairol in Asia-Pacific from 1998 to 2000. Golsby joined Mead Johnson in 1997 after 15 years at Unilever, where he held senior leadership and marketing positions in several key Asian and European markets. Golsby holds a Business degree from Strathclyde University in Glasgow, Scotland.
Rob Steele, 56, has served as P&G’s vice chairman – Health Care Strategy since February 2011 and plans to retire in September after 35 years with the company. Until February, Steele served as the company’s vice chairman – Global Health and Well-Being, leading one of P&G’s three business units that included the company’s oral care, feminine care, personal health care, pet care and snack brands. Over the course of his P&G career, Steele introduced several successful innovations, including the billion-dollar Swiffer® brand. Steele is currently a member of the board of Kellogg Company. He holds a bachelor’s degree from the College of Wooster and an MBA from Cleveland State University.
The addition of Golsby and Steele will increase the size of the Beam board to nine members.
ABOUT BEAM INC.:
Beam is one of the world’s largest premium spirits companies, encompassing a portfolio of nearly 100 brands (including 10 of the world’s top-100 premium spirits brands), more than a dozen global operating and commercial facilities and 3,200 employees worldwide. Consumers from all corners of the globe call for our brands, including Jim Beam® Bourbon, Sauza® Tequila, Canadian Club® Whisky, Courvoisier® Cognac, Teacher's® Scotch Whisky, Maker's Mark® Bourbon, Laphroaig® Scotch Whisky, Cruzan® Rum, Hornitos ™ Tequila, EFFEN® Vodka, Larios® Gin, Whisky DYC®, DeKuyper® Cordials, Knob Creek® Bourbon and Skinnygirl® Cocktails. Growth through innovation is a key strategy at Beam Global, with Red Stag by Jim Beam® Bourbon, Cruzan® 9 Spiced Rum, Maker’s 46™ Bourbon and Courvoisier® 12 Cognac and Courvoisier® 21 Cognac all being launched as new products over the past two years. Beam is part of Fortune Brands, Inc. (NYSE:FO), a leading consumer brands company.