Masonite Announces Executive Leadership Transition Plan

Window & Door
December 18, 2018

Masonite International Corporation today announced that Fred Lynch plans to retire as president and CEO of the company by the end of the second quarter of 2019. 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 initiated a process to identify a successor, which will consider both internal and external candidates. Spencer Stuart has been engaged to assist with the process. Lynch is expected to remain in his current positions until the appointment of his successor.

“The board and Fred have regularly discussed succession planning and we are confident that the orderly process we are now undertaking will ensure a smooth transition for Masonite and all of our stakeholders,” says Robert Byrne, chairman of the board of directors. “Fred plans to stay with Masonite until sometime during the second quarter of 2019 and is committed to working closely with the Board to identify his successor and seamlessly transition his responsibilities.”