On November 7, 2022, Masco Corporation announced that Richard O'Reagan, Masco's Group President-Plumbing Products, notified the Company that he will retire from the Company on or about June 30, 2023. Mr. O'Reagan's service as Group President-Plumbing Products will conclude on December 31, 2022. Effective January 1, 2023, Jai Shah, the Company's current Group President-Decorative Architectural, will assume the position of Group President-Plumbing Products.
While a successor for the Group President-Decorative Architectural position is being identified, Keith Allman, the Company's President & CEO, will have temporary oversight of this segment. Mr. O'Reagan will remain employed as a consultant with the Company until his retirement, advising on these important transitions.
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%).