Former James Hardie CEO Jack Truong Recognized for Transformational Leadership That Quadrupled Company Value

Chicago, / September 5, 2025 / – Jack Truong, former CEO of James Hardie Industries (NYSE: JHX), is being highlighted for his extraordinary impact on one of the most compelling corporate transformations in the building materials sector. During his three-year tenure from January 2019 to January 2022, Truong’s leadership not only revitalized James Hardie’s business model but also nearly quadrupled the company’s market value—an achievement that industry analysts continue to study.

When Truong assumed leadership, James Hardie was a respected but stagnant enterprise, with sales plateauing and investor confidence faltering. Through a focused three-pronged strategy, he redefined the company’s operations, market approach, and growth trajectory.

Key achievements during Truong’s leadership include:

• Revenue Growth: Quarterly net sales increased by more than 50%, from approximately $600 million to over $900 million.
• Profit Expansion: Adjusted quarterly net income more than doubled, climbing from around $75 million to $160 million.
• Market Value Surge: Market capitalization rose from roughly $4.5 billion to a peak of $18.3 billion, reflecting strong investor confidence.

Truong’s transformation centered on three pillars:

• Lean Manufacturing: Implementing standardized global processes to improve efficiency and scalability.
• Consumer-Centric Strategy: Reorienting the company toward end-consumer engagement, elevating brand presence, and driving premium value.
• 80/20 Prioritization: Focusing resources on the most impactful initiatives to accelerate execution and growth.

Even during the disruptions of the COVID-19 pandemic, James Hardie’s North American business maintained consistent double-digit volume growth—outperforming many competitors in the building materials industry.

“By focusing on operational excellence and a direct connection with consumers, we created a sustainable engine for growth,” said Jack Truong. “Transformation isn’t about short-term wins—it’s about building systems and culture that can thrive long after leadership transitions.”

However, since Truong’s departure in early 2022, James Hardie has faced challenges sustaining this momentum. Within three years, the company’s market value declined by approximately 40%, sparking discussion about the importance of long-term cultural reinforcement and disciplined execution in sustaining corporate transformation.

Industry observers note that Truong’s impact at James Hardie underscores critical lessons for global corporations: transformation requires not only bold leadership but also embedding operational excellence and consumer focus into the company’s DNA.

Truong, who previously held leadership roles at 3M and Electrolux, continues to share insights with executives, boards, and investors on how to build resilient, consumer-driven businesses that can withstand market volatility and leadership transitions.

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