Masco Corporation Announces CEO Succession Plan
Masco (NYSE: MAS) has announced a significant leadership transition, with Jonathon Nudi appointed as President and CEO, effective July 7, 2025. Nudi will succeed Keith Allman, who will retire after serving 27 years with Masco, including 11 years as President and CEO.
Under Allman's leadership, Masco achieved double-digit EPS compound annual growth and total shareholder returns of approximately 14% compound annual growth over the past decade. Nudi, who joined Masco's Board in June 2023, brings 30 years of experience from General Mills, where he most recently served as Group President of Pet, International and North America Foodservice segments.
The appointment follows a thorough search process by the Board, with Nudi selected for his strategic vision, proven track record in driving growth, and experience in managing global teams with established brands similar to Masco's portfolio of home improvement and building products.
Masco (NYSE: MAS) ha annunciato una significativa transizione nella leadership, con Jonathon Nudi nominato Presidente e CEO, con effetto dal 7 luglio 2025. Nudi succederà a Keith Allman, che andrà in pensione dopo aver servito per 27 anni in Masco, di cui 11 anni come Presidente e CEO.
Sotto la guida di Allman, Masco ha raggiunto una crescita annuale composta dell'EPS a due cifre e un ritorno totale per gli azionisti di circa il 14% di crescita annuale composta negli ultimi dieci anni. Nudi, che è entrato a far parte del Consiglio di Masco nel giugno 2023, porta con sé 30 anni di esperienza in General Mills, dove ha ricoperto più recentemente il ruolo di Presidente di Gruppo per i segmenti Pet, Internazionale e Foodservice del Nord America.
La nomina segue un accurato processo di ricerca da parte del Consiglio, con Nudi selezionato per la sua visione strategica, un comprovato record nel guidare la crescita e l'esperienza nella gestione di team globali con marchi affermati simili al portafoglio di prodotti per il miglioramento della casa e dell'edilizia di Masco.
Masco (NYSE: MAS) ha anunciado una importante transición en el liderazgo, con Jonathon Nudi nombrado Presidente y CEO, efectivo a partir del 7 de julio de 2025. Nudi sucederá a Keith Allman, quien se retirará después de servir durante 27 años en Masco, incluidos 11 años como Presidente y CEO.
Bajo el liderazgo de Allman, Masco logró un crecimiento anual compuesto de EPS de dos dígitos y un retorno total para los accionistas de aproximadamente el 14% de crecimiento anual compuesto en la última década. Nudi, quien se unió a la Junta de Masco en junio de 2023, aporta 30 años de experiencia de General Mills, donde más recientemente se desempeñó como Presidente de Grupo para los segmentos de Mascotas, Internacional y Foodservice de América del Norte.
El nombramiento sigue a un exhaustivo proceso de búsqueda por parte de la Junta, con Nudi seleccionado por su visión estratégica, su historial comprobado en impulsar el crecimiento y su experiencia en la gestión de equipos globales con marcas establecidas similares al portafolio de productos de mejora del hogar y construcción de Masco.
Masco (NYSE: MAS)는 Jonathon Nudi를 2025년 7월 7일부터 발효되는 사장 겸 CEO로 임명하며 중요한 리더십 전환을 발표했습니다. Nudi는 27년 동안 Masco에서 근무한 Keith Allman의 후임이 되며, 그 중 11년은 사장 겸 CEO로 재직했습니다.
Allman의 리더십 하에 Masco는 지난 10년 동안 EPS의 두 자릿수 연평균 성장과 약 14%의 총 주주 수익률을 달성했습니다. Nudi는 2023년 6월 Masco 이사회에 합류했으며, 최근에는 General Mills에서 반려동물, 국제 및 북미 음식 서비스 부문의 그룹 사장으로 재직한 30년의 경험을 가지고 있습니다.
이 임명은 이사회의 철저한 검색 프로세스를 통해 이루어졌으며, Nudi는 전략적 비전, 성장 주도에 대한 입증된 실적 및 Masco의 홈 개선 및 건축 제품 포트폴리오와 유사한 확립된 브랜드를 관리한 경험으로 선택되었습니다.
Masco (NYSE: MAS) a annoncé une transition significative dans la direction, avec Jonathon Nudi nommé Président et CEO, à compter du 7 juillet 2025. Nudi succédera à Keith Allman, qui prendra sa retraite après 27 ans de service chez Masco, dont 11 ans en tant que Président et CEO.
Sous la direction d'Allman, Masco a atteint une croissance annuelle composée à deux chiffres de l'EPS et un rendement total pour les actionnaires d'environ 14 % de croissance annuelle composée au cours de la dernière décennie. Nudi, qui a rejoint le conseil d'administration de Masco en juin 2023, apporte 30 ans d'expérience de General Mills, où il a récemment occupé le poste de Président de Groupe pour les segments Animaux de Compagnie, International et Restauration en Amérique du Nord.
La nomination fait suite à un processus de recherche approfondi par le Conseil, Nudi ayant été sélectionné pour sa vision stratégique, son bilan éprouvé en matière de croissance et son expérience dans la gestion d'équipes mondiales avec des marques établies similaires au portefeuille de produits d'amélioration de l'habitat et de construction de Masco.
Masco (NYSE: MAS) hat einen bedeutenden Führungswechsel angekündigt, mit Jonathon Nudi, der ab dem 7. Juli 2025 als Präsident und CEO ernannt wird. Nudi wird Keith Allman nachfolgen, der nach 27 Jahren bei Masco, davon 11 Jahre als Präsident und CEO, in den Ruhestand geht.
Unter Allmans Führung erzielte Masco in den letzten zehn Jahren ein zweistelliges jährliches EPS-Wachstum und eine Gesamtaktionärrendite von etwa 14 % jährlich. Nudi, der im Juni 2023 in den Vorstand von Masco eintrat, bringt 30 Jahre Erfahrung von General Mills mit, wo er zuletzt als Gruppenpräsident für die Segmente Haustier, International und Nordamerika Foodservice tätig war.
Die Ernennung folgt einem gründlichen Suchprozess des Vorstands, wobei Nudi aufgrund seiner strategischen Vision, seiner nachgewiesenen Erfolge im Wachstum und seiner Erfahrung in der Leitung globaler Teams mit etablierten Marken, die dem Portfolio von Masco für Heimwerker- und Bauprodukte ähnlich sind, ausgewählt wurde.
- 14% compound annual growth in shareholder returns over past decade
- Double-digit EPS compound annual growth under current leadership
- Incoming CEO brings 30 years of relevant industry experience
- None.
Jonathon Nudi to be Appointed President and CEO, Effective July 7, 2025
Keith Allman to Retire After 27-Year Career with Masco, Including 11 Years as President and CEO
“It has been an honor 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 recognizes 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 capitalizes 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
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.”
About Jonathon Nudi
Jonathon Nudi joined Masco’s Board of Directors in June 2023. Nudi has extensive strategic, operational and international experience, having served in a variety of leadership positions in the US and
About Masco
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This press release contains statements that reflect our views about our future performance and constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “outlook,” “believe,” “anticipate,” “appear,” “may,” “will,” “should,” “intend,” “plan,” “estimate,” “expect,” “assume,” “seek,” “forecast,” and similar references to future periods. Our views about future performance involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. We caution you against relying on any of these forward-looking statements.
Our future performance may be affected by the levels of residential repair and remodel activity, and to a lesser extent, new home construction, our ability to maintain our strong brands, to develop innovative products and respond to changing consumer purchasing practices and preferences, our ability to maintain our public image and reputation, our ability to maintain our competitive position in our industries, our reliance on key customers, the cost and availability of materials, our dependence on suppliers and service providers, extreme weather events and changes in climate, risks associated with our international operations and global strategies, our ability to achieve the anticipated benefits of our strategic initiatives, our ability to successfully execute our acquisition strategy and integrate businesses that we have acquired and may in the future acquire, our ability to attract, develop and retain a talented and diverse workforce, risks associated with cybersecurity vulnerabilities, threats and attacks and risks associated with our reliance on information systems and technology. These and other factors are discussed in detail in Item 1A. "Risk Factors" in our most recent Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and in other filings we make with the Securities and Exchange Commission. Any forward-looking statement made by us speaks only as of the date on which it was made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Unless required by law, we undertake no obligation to update publicly any forward-looking statements as a result of new information, future events or otherwise.
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Investor Contact
Robin Zondervan
Vice President, Investor Relations and FP&A
313.792.5500
robin_zondervan@mascohq.com
Media Inquiries
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313-792-6226
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Source: Masco Corporation
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