Fortune Brands CEO to retire

Deerfield-based Fortune Brands Inc., which makes a variety of products from security items to Jim Beam liquor, said Wednesday that its Chairman and CEO Bruce Carbonari will retire at the end of the year, as plans for its separation into two separate public companies continue.

Carbonari said in a statement that he will serve as an adviser during the transition period and will then take some time off before deciding what to do next in his career.

He has served as Fortune Brands CEO since 2008. Last month Fortune said its separation plans, which are expected to finish early in the fourth quarter, were on track. Matt Shattock is set to serve as Beam’s CEO, while Chris Klein will become CEO of Fortune Brands Home & Security. Shattock has served as CEO of Beam Global Spirits & Wine Inc. since April 2009, while Klein has been CEO of Fortune Brands Home & Security LLC since January 2010, according to CapitalIQ. The company said once the planned separation is complete, Fortune board member David Mackay will become Beam Inc.’s nonexecutive chairman.