Tim Wadhams retired in early 2014 as President and Chief Executive Officer and a Director of Masco Corporation after a 37-year career. Masco is a building products company comprised of leading brands including Delta® and Hansgrohe® faucets, Behr® paint, Milgard® windows and KraftMaid® and Merillat® cabinets, with annual sales of approximately $8.5 billion.
Mr. Wadhams joined Masco in 1976, initially serving in several financial capacities before he transferred to MascoTech (an affiliated public company) as Controller. Ultimately, he became Executive Vice President-Finance and Administration and Chief Financial Officer of MascoTech, which was acquired and taken private by Heartland Industrial Partners in 2000. He returned to Masco as Vice President-Finance and Chief Financial Officer in 2001 and was named Senior Vice President and Chief Financial Officer in 2004.
In 2007, Tim became only the third Chief Executive Officer in the Company’s 80-year history. His tenure included the most challenging period the Company has ever encountered as Masco navigated through the financial crisis and the most severe downturn the housing and building products industries ever experienced.
Mr. Wadhams previously served on the Board of the Business Leaders of Michigan and the Policy Advisory Board of the Harvard Joint Center for Housing Studies. Tim is actively engaged in the community supporting several organizations including the University of Michigan, Washtenaw Community College, The Ann Arbor Area Community Foundation and Arbor Hospice in various capacities.
Mr. Wadhams began his career as a CPA with the accounting firm of Coopers & Lybrand in 1972. He holds a bachelor’s degree in economics and a Master of Business Administration degree from the University of Michigan. Tim is a life-long Ann Arborite; he and his wife Laurie have three adult children.