MasterBrand Cabinets names R. David Banyard as new president
Fortune Brands Home & Security, Inc., an industry-leading home and security products company, announced that R. David Banyard has been named as president, MasterBrand Cabinets. Banyard will replace David Randich, who decided to retire after 12 years with the company as part of an established leadership succession plan. The transition is effective on November 18, 2019, and Banyard will report to Nicholas Fink, president and chief operating officer, Fortune Brands.
Banyard brings a wealth of global manufacturing, operations and commercial leadership experience. He has a proven track-record of executing complex business transformation strategies and delivering market growth while expanding profit margins and driving improved cash flow performance.
Banyard comes to Fortune Brands from Myers Industries, Inc., an international manufacturer of packaging, storage and safety products and specialty molding, where he led the transformation of that business as president and chief executive officer. Prior to that, he was group president, Fluid Handling Technologies at Roper Technologies where he led a diverse portfolio of companies serving a wide array of end markets. He began his business career with Danaher Corporation and held successive leadership roles culminating with his leadership of the Vehicle Systems business unit of Kollmorgen, based in Stockholm, Sweden.