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Fortune Brands flies to Chicago the week of a leadership vacuum and activist board seat

The home-products holding company returns to its Deerfield HQ amid a CEO search and activist investor Ed Garden’s new board role.

By celebplanes · 1 min read · Fortune Brands

Fortune Brands corporate logo

Fortune Brands

Fortune Brands's Embraer Legacy 500 (N520FB) flight path — 9N3 — Seamans to KPWK — Chicago Executive
Flight path · 9N3 — SeamansKPWK — Chicago Executive · 1h 32m airborne
Listen — voice briefing0:26
0:00-0:26
Departure
9N3 — Seamans
Arrival
KPWK — Chicago Executive
Airborne
1h 32m
Distance
540 nm
CO₂
3.3t

Fortune Brands flew from Seamans Field in Pennsylvania to Chicago Executive Airport on June 15, a 92-minute hop in its Embraer Legacy 500 that lands the company’s leadership back at its Deerfield headquarters.

The same week, Fortune Brands is still sorting out the aftermath of a dramatic leadership shakeup. In March, the company announced that CEO-designate Amit Banati would never actually take the job, walking away with $18.4 million, per an SEC filing and reporting by AOL. Interim CEO David Barry now runs the company while the board, now including activist investor Ed Garden, searches for a permanent chief. Garden joined the board as part of a cooperation agreement after building a stake and criticizing former CEO Nicholas Fink’s tenure, which included a controversial employee relocation mandate that Fink himself abandoned when he left for Constellation Brands, as Fast Company reported.

The flight from Pennsylvania — near the company’s former office footprint — fits a pattern of midweek returns to Chicago. In recent weeks, Fortune Brands has flown to and from Atlanta, Cleveland, and the Knoxville area, suggesting active board and executive travel as the company navigates a CEO search, declining net income, and a newly amended corporate charter that eliminated supermajority voting requirements at the May annual meeting.

Aboard the Embraer Legacy 500

Embraer Legacy 500 exterior — Fortune Brands's private jet (N520FB)
Embraer Legacy 500 cabin floor plan — Fortune Brands's private jet interior layout
Exterior & cabin layout · Embraer Legacy 500

The aircraft

Type
Embraer Legacy 500
Tail
N520FB
Max alt
40,000 ft
Max speed
414 kt

End of article · celebplanes