American Standard CEO Jay Gould Appointed to LIXIL Corporation Board of Directors

PISCATAWAY, N.J., June 19, 2014 /PRNewswire/ -- Plumbing manufacturer American Standard Brands announced that President and CEO Jay Gould has been appointed to the Board of Directors of LIXIL Corporation, the parent company of American Standard. The appointment was confirmed at the June gathering of LIXIL's Ordinary General Meeting of Shareholders.

Gould joined American Standard Brands in January 2012. Over the course of the next 18 months, Gould executed a plan that quadrupled the company's EBITA, grew sales by 10 percent and improved gross margins by 700 basis points. Prior to American Standard, Gould was president of the Home and Family Group of Newell Rubbermaid, taking an innovative, consumer-driven approach to building demand, significantly increasing revenues for the Company's Levolor, Calphalon, Rubbermaid and Graco brands throughout the economic downturn. Preceding Newell Rubbermaid, Gould held senior executive roles at the Campbell Soup Company, the Coca-Cola Company and General Mills, Inc.

Led by President and CEO Yoshiaki Fujimori, LIXIL Group Corporation (TSE Code 5938) is a listed holding company posting 1.4 trillion JPY in consolidated sales in FY March 2013. The Group engages in a broad spectrum of housing businesses, ranging from the manufacture and sales of building materials and housing equipment to the operation of home centers and a network of homebuilding franchises. The largest housing and building materials company in Japan with a vast and unique business portfolio, it is a leader in eight market categories, with a 55 percent share in exteriors, 50 percent share in housing sashes and doors, 50 percent share in curtain walls and 40 percent share in sanitary wares. LIXIL is also a leading brand in tiles, washstand cabinet units, and bathroom and kitchen units.

For more information about American Standard Brands, visit www.americanstandard.com.

ABOUT AMERICAN STANDARD BRANDS

American Standard Brands make life healthier, safer and more beautiful at home, at work, in the community and throughout the world. Offering total project solutions for residential and commercial customers around the world with respected brands such as American Standard^®, DXV^™, Safety Tubs^®, Crane Plumbing^®, Eljer^®, Fiat^® and Decorative Panels International^®. American Standard Brands is owned by LIXIL Corporation (TSE Code 5938), a global building products company. Learn more at www.americanstandard.com, or follow us at twitter.com/AmStandard, https://www.facebook.com/AmericanStandardPlumbing.

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SOURCE American Standard Brands

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