Masonite International Corporation announced that Fred Lynch plans to retire as President and CEO by the end of the 2Q 2019. Mr. Lynch also plans to leave the Company’s Board of Directors in connection with his retirement.
As part of Masonite’s succession planning, Masonite’s Board of Directors has initiated a process to identify a successor to Mr. Lynch, which will consider both internal and external candidates. Spencer Stuart has been engaged to assist with the process. In order to ensure an orderly transition, Mr. Lynch is expected to remain in his current positions until the appointment of his successor.
Mr. Lynch joined Masonite as President in July 2006 and was named CEO in May 2007. During his tenure as CEO, Mr. Lynch guided the Company through the housing downturn precipitated by the financial crisis and the subsequent recovery of the housing market and the Company’s listing on the New York Stock Exchange.
Masonite International Corporation is a leading global designer and manufacturer of interior and exterior doors for the residential new construction; the residential repair, renovation and remodeling; and the non-residential building construction markets.
