Bruce A. Carbonari Explained

Bruce A. Carbonari is an American corporate businessman. He was born in 1956 and hold a BA (Finance and Accounting) from Boston College, and a Master's in Management Science from Rensselaer Polytechnic Institute.[1] He lives in Chicago with his wife.

Career

Carbonari began his career at PricewaterhouseCoopers then moved to Stanadyne in 1981. Cabonari began working for Fortune Brands in 1990.[2] Fortune (then called MasterBrands, later American Brands) purchased Moen and Carbonari took control.[3] He held various other positions within Fortune Brands, including president and chief operating officer,[4] as well as chairman and chief executive officer of Fortune Brands Home & Hardware LLC. He was the chairman of the board and chief executive officer of the Fortune Brands holding company from October 2008 to 2012 when he retired. During his chairmanship at Fortune Brands, the company revenue doubled to over $4.5 billion. The holding company's divisions included tobacco, insurance and hardware. Also sporting goods and liquor which were sold during his time in charge. In March 2012, Fortune Brands Inc. split its remaining businesses and CEO Bruce Carbonari doubled his compensation from $11.2 million to $23.3 million, including a salary of $1.2 million.[5]

He joined the board of directors of RPM International, Inc. in 2002 and continues in that position.He became an Executive Advisor Partner with Wind Point Partners a private equity firm[6]

Notes and References

  1. Web site: RPM International Bruce Cabonari. Market Watch. 4 June 2017.
  2. Web site: Retired Fortune Brands CEO plans $8.2 million condo By Dennis Rodkin 26 July 2016. Chicago Business. 4 June 2017.
  3. Web site: A timeline of achievement. Moen. 4 June 2017.
  4. Web site: Fortune Brands CEO, chairman Carbonari to retire By Emily Bronson York 27 July 2011. Chicago Tribune. 3 June 2017.
  5. Web site: Break-up pays off for Fortune Brands executives. 2012-03-14. Crain's Chicago Business. en. 2020-02-21.
  6. Web site: Executive Advisor Partners. Wind Point Partners. 4 June 2017.