Mark Alexander
MASCO CORP /DE/About Mark R. Alexander
Independent director since 2014; age 60. Chief Executive Officer of Icelandic Provisions, Inc. (provider of Icelandic dairy products) since 2019. Serves on Masco’s Compensation and Talent Committee and Corporate Governance and Nominating Committee; not a committee chair. Background includes nearly 35 years at Campbell Soup Company with senior leadership across Americas, International, and Asia Pacific businesses, and deep marketing/brand expertise .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Campbell Soup Company | Senior Vice President | 2009–2018 | Former President of Campbell’s largest division; invested in brand-building, innovation, and distribution |
| Campbell Soup Company | President, Americas Simple Meals and Beverages | 2015–2018 | Led execution of growth strategy |
| Campbell Soup Company | President, Campbell North America | 2012–2015 | Marketing/customer relations leadership |
| Campbell Soup Company | President, Campbell International | 2010–2012 | Managed businesses in Europe/Asia |
| Campbell Soup Company | President, Asia Pacific | 2006–2009 | International business leadership |
| Campbell Soup Company | Chief Customer Officer & President—North America Baking & Snacking | 2009–2010 | Customer strategy and brand execution |
| Campbell Soup Company | Various marketing, sales, management roles | Since 1989 | Consumer-branded product expertise |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Icelandic Provisions, Inc. | Chief Executive Officer | Since 2019 | Private company; consumer-branded dairy products |
Board Governance
- Independence: Independent director; Masco’s board determined nine of eleven directors were independent as of March 5, 2025; Alexander serves on two independent committees (Compensation; Governance) .
- Committee assignments: Compensation and Talent Committee member; Corporate Governance and Nominating Committee member; committees each met five times in 2024 .
- Attendance: Board held six meetings in 2024; each director attended at least 75% of board and applicable committee meetings; all then-serving directors attended the 2024 Annual Meeting .
- Board leadership and executive sessions: Independent Chair (Lisa A. Payne) presides; independent directors meet separately at least once per year .
- Director compensation governance: Governance Committee reviews director pay annually; increased equity retainer by $20,000 to $180,000 in 2024 .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Annual Cash Retainer (USD) | $130,000 | Standard non‑employee director cash retainer |
| Annual Equity Retainer (USD) | $180,052 | RSUs; annual value; vests pro rata over three years |
| RSUs Granted (Units, May 2024) | 2,490 | Granted to each non-employee director in May 2024 |
| Committee Chair Fees (USD) | $0 | Not a committee chair; chair fees only for Audit ($25k), Comp ($20k), Governance ($20k) |
| Meeting Fees | None | No meeting fees paid for 2024 |
| Total 2024 Director Compensation (USD) | $310,052 | Cash + RSUs |
| Unvested RSUs at 12/31/2024 (Units) | 5,494 | Unvested balance |
- Stock ownership guideline: Directors must retain Masco shares valued at five times the annual cash retainer within five years of joining the board .
Performance Compensation
- Directors do not receive performance‑based equity; annual director equity is time‑based RSUs with three‑year pro rata vesting; no director stock options/grants tied to performance metrics; no meeting fees in 2024 .
Other Directorships & Interlocks
| Category | Disclosure |
|---|---|
| Current public company boards | None disclosed for Alexander in Masco’s 2025 proxy |
| Private/other roles | CEO, Icelandic Provisions, Inc. |
| Related-party transactions | None required to be described for 2024; board policy screens and found no related-person transactions |
Expertise & Qualifications
- Business operations & leadership with successful execution of growth strategies; CEO experience at Icelandic Provisions; former President of Campbell’s largest division .
- International business across the U.S., Canada, Europe, and Asia; oversight of multinational operations .
- Product innovation and brand management; consumer‑branded product expertise; focus on brand building and distribution .
Equity Ownership
| Metric | Value |
|---|---|
| Beneficial ownership (shares) | 32,597 |
| Ownership % of outstanding | <1% |
| Unvested RSUs (12/31/2024, units) | 5,494 |
| Shares acquirable by 3/1/2025 (RSU vesting/options) | — (none listed) |
- Insider trading policy: Masco prohibits hedging of company securities and margin purchases/pledging by directors unless pre‑approved; the Governance Committee has not approved any such transactions .
Governance Assessment
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Alignment: Independent director with dual service on Compensation and Governance committees overseeing executive pay, succession, talent strategy, board composition, and director compensation—positions material to investor confidence .
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Compensation: Standard, modest cash retainer and time‑vested RSUs; no performance‑linked director pay or meeting fees in 2024; chair premiums not applicable, limiting pay inflation risk for this director .
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Ownership: Meaningful personal shareholding and unvested RSUs; director stock ownership guideline in place (5x cash retainer within 5 years), supporting alignment; compliance status not disclosed for directors .
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Conflicts: No related‑party transactions disclosed for 2024; independence affirmed; no interlocks with Masco’s customers/suppliers noted for Alexander in independence review section (other directors’ employer interactions assessed; none for Alexander) .
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Attendance/engagement: Board met six times; each director attended at least 75% of board and applicable committee meetings; committees met five times each—indicative of active governance cadence .
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Risk controls: Prohibitions on hedging/pledging; clawback policies for executives; robust related‑party policy; outside comp consultant (Semler Brossy) with no conflicts to advise Compensation Committee on pay and practices .
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RED FLAGS:
- None observed in proxy for Alexander: no related‑party transactions, no hedging/pledging approvals, no attendance shortfalls disclosed beyond minimum threshold .