Business & Finance
Business and Finance
Business and Finance
Fri, July 2, 2010 Kenneth W. Freeman Stepping Down as Chairman of the Board of Directors of Masonite Inc.
MISSISSAUGA, Ontario--([ BUSINESS WIRE ])--Masonite Inc. (the aCompanya) (OTCBB: MASWF) announced today that Kenneth W. Freeman has resigned his position as Chairman of the Board of Directors of the Company due to his recent acceptance of the position of Allen Questrom Professor and Dean of the Boston University School of Management. Mr. Freeman will step down as Chairman as of August 1, 2010, and continue to serve as a director of the Company thereafter.
"We are pleased that Ken will continue to serve on the Board."
The Governance and Nominating Committee of the Board of Directors of the Company has initiated a process that will lead to the appointment of a new Chairman effective August 1, 2010.
aThe Board would like to thank Ken for his numerous significant contributions to Masonite and for his leadership through the Companya™s initial year of emergence from Chapter 11 and Companies' Creditors Arrangement Actprotection," said Fred Lynch, President and CEO and member of the Board. "We are pleased that Ken will continue to serve on the Board."
Mr. Freeman was appointed Chairman and CEO of Masonite International, the predecessor company, in October 2005. He became Chairman in May, 2007 and held this role through the Chapter 11 reorganization. Mr. Freeman was appointed to the Board of Masonite Inc. on June 9, 2009, and named Chairman of the Board of Directors on July 1, 2009.
This press release is available on the Company's website at [ www.masonite.com ].
About Masonite
Masonite Inc. is a leading global manufacturer of residential and commercial doors, committed to providing the highest value building products to our customers in more than 85 countries around the world.
