Masonite International Corporation Appoints Barry A. Ruffalo to Board of Directors

Rhea-AI Summary

Masonite International Corporation (NYSE: DOOR) has appointed Barry A. Ruffalo to its Board of Directors, expanding the board from ten to eleven members. Ruffalo brings significant operational and innovative expertise, having served as President and CEO of Astec Industries since 2019. His experience includes leadership roles at Valmont Industries and Lindsay Corporation, focusing on engineered products and infrastructure. The Board's chairman, Robert J. Byrne, expressed optimism about the insights Ruffalo will provide.

Positive

• Barry A. Ruffalo's appointment is expected to bring fresh perspectives and operational excellence to the Board.
• Ruffalo's extensive background in manufacturing and infrastructure could strengthen Masonite's market position.

Negative

• Concerns may arise regarding continuity and experience gaps during the transition to new leadership.

Masonite International Corporation (NYSE: DOOR) today announced that Barry A. Ruffalo has been appointed to the company’s Board of Directors effective immediately. His appointment expands the Board from ten to eleven members.

"Barry brings extensive experience in operational excellence and innovation," said Robert J. Byrne, chairman of the Board of Directors. "We welcome him to the Masonite Board of Directors and we look forward to benefiting from his insights and expertise."

Mr. Ruffalo has served as President and CEO of Astec Industries, Inc., a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production, since August 2019. From 2015 to 2019, he held various leadership roles with Valmont Industries, a global provider of engineered products and services for infrastructure and equipment for agriculture. Mr. Ruffalo also previously served as President of the irrigation and of the infrastructure divisions of Lindsay Corporation, a global manufacturer and distributor of irrigation and infrastructure equipment and technology. He holds a Master of Science in industrial engineering from the University of Wisconsin-Madison.

About Masonite

Masonite International Corporation is a leading global designer, manufacturer, marketer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves approximately 7,600 customers in 60 countries. Additional information about Masonite can be found at www.masonite.com.

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FAQ

Who is Barry A. Ruffalo and what is his background?

Barry A. Ruffalo is the newly appointed Board member of Masonite. He has served as President and CEO of Astec Industries and held leadership roles at Valmont Industries and Lindsay Corporation.

What impact might Barry A. Ruffalo's appointment have on Masonite?

Ruffalo's appointment may enhance operational excellence and innovation within Masonite, potentially benefiting the company's strategic direction.

How many members are on the Masonite Board of Directors now?

With the addition of Barry A. Ruffalo, the Masonite Board of Directors now has eleven members.