Masco Board Elects Keith Allman As CEO

(RTTNews) - Masco Corp. (MAS) said Wednesday that its Board of Directors has elected Keith Allman to succeed Timothy Wadhams as president and chief executive officer, and to join the company's Board of Directors, effective February 14.

Allman, 51, who currently serves as a Masco group president, joined Masco in 1998 as vice president of manufacturing for cabinet maker Merillat Industries. In 2007, he became president of Delta Faucet Company. In 2011, he was promoted to group president and has responsibility for Masco's Plumbing and North American Cabinet businesses.

Timothy Wadhams, 65, is retiring after a 37-year career with Masco. Wadhams, only the third CEO in Masco's 85-year history, was elected CEO in July 2007. He will complete his current term on Masco's Board of Directors.