CARTHAGE, Mo., May 7, 2019 /PRNewswire/ --
- Annual Meeting addressed three items of business; voting
aligned with Board recommendations
- Board announced the election of two new Board members,
Mark Blinn and Jai Shah
Annual Meeting Results
The annual meeting of Leggett
& Platt shareholders was held this morning in Carthage, Missouri. 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. No
other proposals were voted upon.
Board of Directors Elects Two New Board Members
In
keeping with the Company's ongoing Board of Director refreshment
plan, Leggett & Platt is also pleased to announce the election
of Mark Blinn and Jai Shah to its Board of Directors effective
immediately.
Mr. Blinn, 57, was the President and Chief Executive Officer 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 Chief Financial
Officer from 2004-2009 and in the additional role of Head of
Latin America from
2007-2009. Prior to Flowserve, Mr. 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.
Mr. 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.
Mr. Blinn holds B.S., J.D. and MBA degrees from Southern Methodist University.
Mr. 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, Mr. 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, Mr. Shah held
a number of senior management positions at Diversey Corporation and
as Senior Auditor for KPMG Peat Marwick Chartered
Accountants.
Mr. 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."
Messrs. Blinn and Shah were identified through a national search
that was conducted by Diversified Search. To learn more about other
members of Leggett's Board of Directors, visit www.leggett.com
under the Corporate Governance and Directors tabs.
FOR MORE INFORMATION: Visit Leggett's website at
www.leggett.com.
COMPANY DESCRIPTION: At Leggett & Platt (NYSE: LEG),
we create innovative products that enhance people's lives,
generate exceptional returns for our shareholders, and
provide sought-after jobs in communities around the world.
L&P is a 136-year-old diversified manufacturer that designs and
produces engineered products found in most homes and automobiles.
The company is comprised of 15 business units, 23,000
employee-partners, and 145 manufacturing facilities located in 18
countries.
Leggett & Platt is the leading U.S. manufacturer of: a)
bedding components; b) automotive seat support and lumbar systems;
c) specialty bedding foams and private-label finished mattresses;
d) components for home furniture and work furniture; e) flooring
underlayment; f) adjustable beds; g) high-carbon drawn
steel wire; and h) bedding industry machinery.
CONTACT: Investor Relations,
(417) 358-8131 or invest@leggett.com
Susan R. McCoy, Senior Vice
President of Investor Relations
Wendy M. Watson, Director of
Investor Relations
Cassie J. Branscum, Manager of
Investor Relations
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SOURCE Leggett & Platt