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Parrish Replaces Christopher Griffin, Recently Named CEO of USG
Corporation

SHELBYVILLE, Ind.–(BUSINESS WIRE)–Knauf
Insulation, Inc. (KINA)
, a leading manufacturer of glass mineral
wool insulation, announced today that industry veteran Matthew Parrish
has been named chief executive officer (CEO) of the company.

Parrish’s elevation to the position of president and CEO is part of a
broader reshaping of the Knauf Group global leadership teams following
the company’s recent
merger
with USG
Corporation
. He replaces Christopher Griffin, who was recently named
CEO of USG Corporation. The two companies are going to continue to
operate as separate entities.

“Matt is a dynamic, progressive leader with deep management expertise
and a track record of delivering measurable results in our industry,”
said Manfred Grundke, general partner of Knauf Group. “We have full
confidence he will thrive in this new role while continuing the focus on
developing and engaging the Knauf team to effectively execute the
strategy that was set in motion under previous leadership.”

“Matt’s demonstrated ability to drive sustainable growth will continue
to help Knauf lead the industry,” said Griffin, who served as CEO of
KINA for three years and originally hired Parrish in June 2017.

Parrish joined KINA as vice president of Residential and Light
Commercial Sales and has significant expertise in commercial excellence,
product management, cross-functional diversification and talent
development. With the industry changing at breakneck speed, Parrish is
ready to hit the ground running.

“The norms of yesterday are not the norms of today,” Parrish said.
“Customers are expecting more, and we need to recognize that and
deliver. I’m convinced we have the right people to handle the
ever-changing dynamics of our customers and our industry. And we have a
winning strategy in place. We need to stay laser-focused on that
strategy while being nimble and agile in our execution.”

Parrish has over 29 years of experience in the building materials
industry with primary focuses in the disciplines of insulation and
cement. He grew up just outside the Kansas City area in Missouri and
received his bachelor’s degree from the University of Missouri-Columbia.

“I look forward to bringing my cross-functional leadership style into
this new role and carrying out the strategy set forth by my
predecessor,” Parrish said. “KINA is and will continue to be a leader in
sustainable thermal and acoustical glass mineral wool insulation.”

About Knauf Insulation North America (KINA)

KINA is a leading, family-owned global manufacturer of thermal and
acoustical glass mineral wool insulation for residential, commercial,
industrial, OEM and metal building applications. It’s KINA’s mission to
challenge conventional thinking and create innovative solutions that
shape the way we live and build in the future, with care for the people
who make them, the people who use them and the world we all depend on.

In 2009, KINA launched ECOSE® Technology, a revolutionary
formaldehyde-free binder that redefined how the industry viewed
insulation, and has continued its commitment to leadership in
sustainability by being the first glass mineral wool insulation brand to
disclose all of its product ingredients through the International Living
Future Institute’s Declare list, receiving Red List-free status with
several of its products.

For more information, visit knaufinsulation.us.

Contacts

Leah Honeycutt
[email protected]
513-346-3433