IIM Lucknow alum Amit Banati to receive $18.4M “make‑whole” payout from Fortune Brands despite never serving as CEO
Amit Banati, an IIM Lucknow graduate and former CFO of Kenvue, was set to take over as CEO of Fortune Brands Innovations in May 2026 but stepped aside before starting, amid a governance shakeup. Despite never working a single day in the role, he is due to receive an $18.4 million separation payment to compensate him for leaving his prior position.