Timothy Wadhamswill become chief executive officer of Masco on July 1, replacing long-time CEORichard Manoogian.
Manoogian announced his retirement and named Wadhams as his choice to take over
the top spot. Wadhams has been with the company since 1976. Manoogian will
become executive chairman also on July 1.
John Sznewajswill replace
Wadhams as vice president and chief financial officer. Sznewajs currently
serves as treasurer and vice president/corporate development.
The company also appointedDonald J. DeMarie Jr.to executive
vice president. He currently serves as the company’s group president for
installation and other services. DeMarie will continue many of the duties, but
will be responsible for other divisions sinceAlan Barry, president and chief operating officer, plans
to retire early next year.
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