Moen Names New President, CEO

Fortune Brands Home & Hardware appointed Richard E. (Dick) Posey as president and chief executive officer of Moen Inc., effective Jan. 15. Posey was most recently the president and CEO of Hamilton Beach/Proctor Silex Inc. Moen's former president, Jeffrey Svoboda, left the company last July. Bruce Carbonari, president and CEO of Fortune Brands' Home & Hardware unit, had been filling the CEO role at Moen in the interim.