From Home Furnishing Business
Leggett Elects 2 New Board Members, Shares Annual Meeting Results
Diversified manufacturer Leggett & Platt has announced its annual meeting results and the election of two new board members, Mark Blinn and Jai Shah, effective May 7.
Shareholders elected as directors the eight nominees proposed by the board; ratified the selection of PricewaterhouseCoopers as the company's independent registered public accountant for 2019; and endorsed the compensation of the company's named executive officers.
Blinn, 57, was the president and CEO and a director of Flowserve Corporation (FLS), a leading provider of fluid motion and control products and services for the global infrastructure markets, from 2009 until his retirement in 2017. He previously served Flowserve as CFO from 2004 – 2009 and in the additional role of head of Latin America from 2007 – 2009. Prior to Flowserve, Blinn served in senior finance, treasury and planning positions at FedEx Kinko's Office and Print Services, Inc., Centex Corp., FirstPlus Financial Inc., Electronic Data Systems Corp. and Commercial Capital Funding Inc.
Blinn currently serves as the lead independent director of Texas Instruments, a global semiconductor design and manufacturing company, and as a director of Kraton Corporation, a leading global producer of polymers for a wide range of applications. He holds B.S., J.D. and MBA degrees from Southern Methodist University.
Shah, 53, serves as a group president of Masco Corporation (MAS), a Fortune 500 global leader in the design, manufacture and distribution of branded home improvement and building products. In this position since 2018, Shah has responsibility for operating companies with leading brands in architectural coatings, decorative and outdoor lighting, windows, decorative hardware and wellness businesses in North America and Europe. He previously served as president of Delta Faucet Company, a Masco business unit, from 2014-2018, as vice president and chief human resources officer of Masco from 2012-2014 and in various other executive strategic, financial and operational capacities at Masco since 2003. Prior to Masco, Shah held a number of senior management positions at Diversey Corporation and as senior auditor for KPMG Peat Marwick Chartered Accountants.
Shah is a certified public accountant and chartered professional accountant (Canada) and holds an MBA from the University of Michigan, and bachelor and master's degrees in Accounting from the University of Waterloo in Waterloo, Ontario, Canada.
"Mark and Jai each bring unique and extensive experience in operational and financial leadership across multi-billion dollar global businesses," said Ted Enloe, board chair. "We are extremely pleased to have them join our Board."