Master Lock parent company names new CEO

Fortune Brands Home & Security Inc.(FBHS), the parent company of Oak Creek-based Master Lock, announced that it has named Terry Horan president of the company’s security and storage business.

Horan, 48, formerly president and chief executive officer of Robert Bosch Tool Corp., replaces John Heppner, who previously announced his plans to retire in 2013. Horan will assume full responsibility for leadership of the business on July 8 and report to Chris Klein, chief executive officer, Fortune Brands Home & Security.

“Terry Horan is a proven leader and a perfect fit for Fortune Brands Home & Security,” said Klein. “He has a track record of building a growth culture centered on strong brands and consumer-driven innovation. Terry brings more than 25 years of experience including brand building, product development and both retail and commercial channel expertise that will be invaluable to continued growth for our security and storage business.”

Since joining Robert Bosch in 2005, Horan has held key leadership roles including president and chief executive officer of North American operations for the power tool division, and global president of the rotary tool division. He also previously served in a number of marketing leadership roles at Rust-Oleum Corporation after building sales and marketing experience at Skil Corp.

Fortune Brands is based in Deerfield, Ill.

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