Masco Corporation Announces Resignation of John G. Sznewajs as Chief Financial Officer
January 27, 2023 at 08:32 am EST
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On January 24, 2023, John G. Sznewajs, Vice President, Chief Financial Officer of Masco Corporation notified the Company and its Board of Directors of his decision to retire effective May 31, 2023 (the “Effective Date”). Mr. Sznewajs is retiring to pursue another professional opportunity, and not as a result of any disagreement with the Company or its independent registered public accountants on any matter relating to the Company's financial or accounting operations, policies or practices. Mr. Sznewajs will continue to serve as Vice President, Chief Financial Officer through the Effective Date, or until a successor is named by the Company, if earlier.
The Company has commenced an internal and external search for Mr. Sznewajs' successor.
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%).
MASCO CORPORATION 
