Masco Corp., the manufacturer of brands such as KraftMaid cabinets, Delta faucets, and Milgard windows and doors, promoted Keith Allman to group president, the company announced today. He will oversee the Brasstech, Delta, Hansgrohe, Liberty Hardware, Masco Bath, Masco Canada, and Mirolin Industries divisions of the Taylor, Mich.-based company.
Prior to his promotion, Allman served as president of Delta Faucet Co. He will be replaced there by Richard O'Reagan who was also promoted today. O'Reagan was the vice president of sales at Delta under Allman.
Allman has been with the company since 1998, when he was hired as vice president of manufacturing at Merillat cabinets. He worked for General Motors before joining Masco.
"Keith brings extensive experience in new product development, manufacturing, and marketing," said Masco's president and CEO Timothy Wadhams. "Under his leadership, Delta improved its market position and strengthened the Delta brand by introducing innovative and award winning products."
The announcement comes almost three weeks after the departure of executive vice president and COO Donald J. DeMarie Jr.
The company's third quarter results, revealed about a month ago, showed a $1 million growth in North American operating profit, from the same period a year earlier, to reach $80 million. North American sales declined, however, by $4 million to hit $1.52 billion. Company-wide sales rose 3% to $2.01 billion as operating profit remained flat at $102 million.
In its financial report, Masco also revealed that during the fourth quarter it will close "multiple facilities" and announced plans to divest itself of various non-core diversified products, including its framing, commercial drywall installation, and millwork units.
