Masco Corporation has announced that its Board of Directors has appointed Jonathon Nudi as President and Chief Executive Officer, effective July 7, 2025. Nudi will succeed Keith Allman, who will retire as President and Chief Executive Officer and member of the Board of Directors at that time.
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'It has been an honour to serve as Masco's President and CEO over the past decade,' said Allman. 'I am immensely thankful to our employees and proud of the work we've done together to build and refine our core portfolio of leading brands, expand our global footprint and deliver strong results for customers and shareholders. We have proven the strength of Masco's industry-leading brands, service and innovation, and I am confident the team will be in great hands with Jon at the helm. Since joining the Masco Board of Directors in 2023, I have seen firsthand Jon's strategic vision and commitment to fostering innovation, driving consumer-focused strategies and strengthening Masco's competitive edge. Importantly, he recognises the talent of Masco's people and the importance of our strong and collaborative team in delivering superior results. I look forward to working closely with Jon and the Masco management team to ensure a seamless transition.'
'Over his impressive career at General Mills, Jon has demonstrated a keen ability to oversee a global team and execute on strategic goals to deliver meaningful growth and market share gains in competitive industries with established brands similar to Masco,' said Lisa Payne, Chair of the Masco Board. 'His appointment follows a thorough and thoughtful search process by the Board, and we are confident he is the right person to lead Masco forward as the Company advances its initiatives and capitalises on the power of its leading brands across product categories, sales channels and geographies to create exceptional value for customers and shareholders. Jon has a growth mindset and passion for elevating customer experiences, which will be invaluable as Masco pursues continued profitable growth and shareholder value creation.'
Payne continued, 'On behalf of the Board, I want to express our deep gratitude to Keith for his leadership, dedication, strong execution and tremendous contributions to Masco. Keith has been instrumental in reshaping Masco's portfolio, driving operational improvements to create a more resilient Company, and maintaining Masco's culture of excellence. Under his leadership, the Company has delivered double-digit EPS compound annual growth and total shareholder returns of approximately 14% compound annual growth over the past decade, and we are confident Masco is well positioned for long-term growth.'
Nudi commented, 'I am grateful for the opportunity to lead this incredible company and look forward to partnering with Keith to ensure a smooth transition. I am committed to upholding and building upon Masco's reputation in the home improvement and building products industries, and I am excited to work closely with the entire Masco team to elevate our portfolio of brands, enhance consumers' lives and create lasting value for shareholders.'
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