Banyard named president of MasterBrand

From Local Sources

Fortune Brands Home & Security Inc., an industry-leading home and security products company, announced that R. David Banyard has been named as president of 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 Nov. 18, 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.

“Dave Banyard’s impressive background, demonstrated successes and high level of integrity fits well with our culture and growth strategies, and set him up for success as we more aggressively execute the pivot plan in our Cabinets business,” Fink said. “As an organization, we never stand still, and I’m excited to welcome Dave during this exciting time of transformation as we look forward to 2020 with many opportunities ahead.”

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 of 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. A 1990 graduate of Princeton and, later, The University of Virginia Darden School of Business, Banyard had an 11-year career in the U.S. Navy as a fighter pilot.

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