"Ray was a leader who was loved, admired and respected by all who knew him. He will be greatly missed by his family, many friends and business associates," said Masco Chairman and Chief Executive Richard A. Manoogian.

Manoogian, who previously served as president and COO will assume Kennedy's responsibilities on an interim basis. Manoogian commented, "Ray has developed and trained an outstanding management team over the years and we expect a smooth transition of responsibilities."

Headquartered in Taylor, MI, Masco Corporation is a leading manufacturer of home improvement and building products.