Jai Shah
Northville,MI
Summary
Fortune 500 Corporate and Operations Executive on the Board of Directors of a public company serving as the Human Resources and Compensation Committee chair. C-Suite positions in Group Management, Corporate Strategy, Operations, Finance and Human Resources.
Overview
33
33
years of professional experience
Work History
Group President, Global Plumbing Platform and Head of Masco Corporate Strategy
MASCO CORPORATION
01.2003 - Current
- Direct report to the CEO
- Executive responsible for full financial and strategic accountability for over $4.5 billion global portfolio of seven operating companies in decorative and rough plumbing including venerable brands such as Delta Faucet and Hansgrohe
- Improved Plumbing Platform margins by 290 bps and Delta Faucet margins by 470 bps in the first year of declining market since the financial crisis
- Achieved Delta Faucet 3-year margin goal in year 1 and realize record absolute profit performance
- Made 1st time 3-year margin commitment to investors to record 20% margins
- Tracking to deliver goal 1 year ahead of target
- Formed Global Water Experience strategic business unit (SBU)
- Established vision, goals, leadership team and operating system
- Embarked on global breakthrough cost optimization program to deliver more than $390m over 3 years – representing 35% increase over prior 3-year period
- Promoted 3 new General Managers – all under-represented diverse leaders
- Promoted VP Strategic Planning to Business Unit executive role and transitioned function to incumbent VP Corporate Development to develop new leader
- Advanced relationship with minority owner and set-up pathway for more creative future ownership model.
Group President, Decorative Architectural Platform and Head of Masco Corporate Strategy
MASCO CORPORATION
01.2018 - 01.2023
- Direct report to the CEO
- Executive responsible for full financial and strategic accountability for over $4 billion portfolio of operating companies in architectural coatings, decorative hardware, lighting, and wellness categories in North America
- Grew Platform sales by 7.7% CAGR and operating profit by 6.9% CAGR over period of record commodity inflation and supply chain disruptions
- Led 3 of 4 Business Units to records sales and profitability over the course of global pandemic
- Accelerate Pro paint segment growth strategy in partnership with THD resulting in 85% or $420m in net sales growth from 2018 to 2022
- Introduce new capabilities and jointly explored breakthrough M&A option
- Managed successful succession of 39 year General Manager and industry icon to new General Manager developed through 3 planned executive leadership roles in 3 Masco operating companies
- Successor GM also a visible minority leader.
President, Delta Faucet Company
MASCO CORPORATION
01.2014 - 01.2018
- Accountable for strategy, operations and full P&L and balance sheet management for $1.6 billion branded industry leader in kitchen and bath fixtures and fittings
- Led business to record sales and doubling profitability in 5 years
- Increased margins by over 600 bps to achieve the highest profit margins in decorative plumbing in the industry
- Grew share in core faucets by____to industry leading share position
- Developed and implemented strategy to establish company as market share leader in online segment growing revenues at 35% CAGR
- Generated over $118 million in lean, sourcing and value management savings over 5 years
- Led ~$80 million acquisition of critical supplier - only acquisition in Delta’s 65-year history
- Established innovation incubation lab to drive agile approach to new product development and commercialization, increased speed to market, and greater connection with the consumer
- Successfully completed two-year, $45M SAP/S4 Hana ERP implementation journey without customer and business disruption
- Maintained best-in-class employee engagement while growing employee base by ~15%
- Lead talent developer and exported within Masco, having developed 4 of current 17 BU Presidents within the Corporation.
Masco Corporate Vice President, Chief Human Resources Officer
MASCO CORPORATION
01.2012 - 01.2014
- Selected to assist Board of Directors and Chief Executive Officer to oversee period of change driven by impending CEO succession, failed corporate say-on-pay vote and a focus on talent development.
Masco Group Vice President Finance, Retail/Wholesale Group
MASCO CORPORATION
01.2009 - 01.2012
Group Vice President, Windows and Spa Group
MASCO CORPORATION
01.2007 - 01.2009
Masco Corporate Vice President, Strategic Planning & International
MASCO CORPORATION
01.2005 - 01.2007
Masco Director Corporate Control Services
MASCO CORPORATION
01.2003 - 01.2005
Vice-President, North America Business Integration
JOHNSONDIVERSEY - S.C. JOHNSON FAMILY OF COMPANIES
01.2002 - 01.2003
Vice President, Planning & Control, North America
DIVERSEYLEVER – A UNILEVER COMPANY
01.2000 - 01.2002
Division Controller
DIVERSEYLEVER – A UNILEVER COMPANY
01.1998 - 01.2000
Controller/Assistant Treasurer – Principal in Management Led Buyout
AMERICLEAN SYSTEMS INC.
01.1996 - 01.1998
Director, Financial Planning & Analysis
DIVERSEY INC. – THE MOLSON COMPANIES
01.1991 - 01.1996
Manager of Financial Services
DIVERSEY INC. – THE MOLSON COMPANIES
01.1991 - 01.1996
Senior International Auditor
DIVERSEY INC. – THE MOLSON COMPANIES
01.1991 - 01.1996
Education
Master of Business Administration (MBA) -
University of Michigan
01.1999
Master of Accounting (MAcc) -
University of Waterloo
01.1990
Bachelor of Arts, Accounting (BA) -
University of Waterloo
01.1989
Skills
- Growth Strategy
- Operational Improvement
- Turnarounds
- Mergers & Acquisitions
- Management-Buyout
- CEO Transition
Websites
Affiliations
- Chartered Professional Accountants of Canada, Chartered Professional Accountant, 1990
- Michigan Association of Certified Public Accountants, Certified Public Accountant, 1999, Inactive
Boards Activities
- Leggett & Platt (NYSE: LEG), Board Director, 2019, Present
- Leggett & Platt (NYSE: LEG), Chair, Organization and Compensation Committee, 2023, Present
- Leggett & Platt (NYSE: LEG), Member Audit Committee, 2023, Present
- Hansgrohe SE, Supervisory Board, 2023, Present
- Hansgrohe SE, Supervisory Board, 2012, 2014
- Plumbing Manufacturers International, Strategic Advisory Council, 2014, 2018
- Lowes, Vendor Advisory Council, 2016, 2017
Timeline
Group President, Decorative Architectural Platform and Head of Masco Corporate Strategy
MASCO CORPORATION
01.2018 - 01.2023
President, Delta Faucet Company
MASCO CORPORATION
01.2014 - 01.2018
Masco Corporate Vice President, Chief Human Resources Officer
MASCO CORPORATION
01.2012 - 01.2014
Masco Group Vice President Finance, Retail/Wholesale Group
MASCO CORPORATION
01.2009 - 01.2012
Group Vice President, Windows and Spa Group
MASCO CORPORATION
01.2007 - 01.2009
Masco Corporate Vice President, Strategic Planning & International
MASCO CORPORATION
01.2005 - 01.2007
Group President, Global Plumbing Platform and Head of Masco Corporate Strategy
MASCO CORPORATION
01.2003 - Current
Masco Director Corporate Control Services
MASCO CORPORATION
01.2003 - 01.2005
Vice-President, North America Business Integration
JOHNSONDIVERSEY - S.C. JOHNSON FAMILY OF COMPANIES
01.2002 - 01.2003
Vice President, Planning & Control, North America
DIVERSEYLEVER – A UNILEVER COMPANY
01.2000 - 01.2002
Division Controller
DIVERSEYLEVER – A UNILEVER COMPANY
01.1998 - 01.2000
Controller/Assistant Treasurer – Principal in Management Led Buyout
AMERICLEAN SYSTEMS INC.
01.1996 - 01.1998
Director, Financial Planning & Analysis
DIVERSEY INC. – THE MOLSON COMPANIES
01.1991 - 01.1996
Manager of Financial Services
DIVERSEY INC. – THE MOLSON COMPANIES
01.1991 - 01.1996
Senior International Auditor
DIVERSEY INC. – THE MOLSON COMPANIES
01.1991 - 01.1996
Master of Business Administration (MBA) -
University of Michigan
Master of Accounting (MAcc) -
University of Waterloo
Bachelor of Arts, Accounting (BA) -
University of Waterloo
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