Masco Corporation Appoints Charles K. 'Chuck' Stevens, III as a Class II Director, with Effect from February 1, 2018
January 26, 2018 at 09:10 pm
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On January 26, 2018, Masco Corporation appointed Mr. Charles K. 'Chuck' Stevens, III as a Class II director effective February 1, 2018. He will serve on the Audit Committee and on the Corporate Governance and Nominating Committee of the company’s Board of Directors. Mr. Stevens has served as the Executive Vice President and Chief Financial Officer of General Motors Company (GM) since 2014. In this role, he is responsible for leading GM’s global financial and accounting operations. Mr. Stevens joined GM in 1983, serving in various positions of increasing responsibility, including several leadership positions in GM’s Asia Pacific region. Mr. Stevens has over thirty years of financial experience.
Masco Corporation is one of the world's leading manufacturers of home improvement products. Net sales break down by family of products as follows:
- plumbing equipment (60.8%): plumbing, sink, bath and shower systems (Delta, Brizo, Peerless, Hansgrohe, Axor, Kraus, Easy Drain, Ginger, Newport Brass, Brasstech, Waltec, Bristan ans Heritage brand names), acrylic bathtubs, shower enclosures and shower trays (Delta, Peerless and Mirolin), spa and exercise pool systems (Hot Spring, Caldera, Freeflow Spas, Endless Pool, Tylo and Finnleo) and brass/copper and composite plumbing components (Brasscraft, Plumbshop and Master Plumber);
- architectural decoration products (39.2%): architectural coatings products (paints, primers, special paints, stains and waterproof coatings sold under the Behr, Kilz, Whizz and Elder & Jenks brands), furniture for door and window, do-it-yourself furniture and equipment, glass shower doors, wall plates, hooks and suspension accessories, etc. (Liberty, Brainerd and Franklin Brass).
At the end of 2023, the group had 42 production sites located primarily in North America (30).
Net sales are distributed geographically as follows: North America (80.1%) and Europe (19.9%).