Jack Truong
Private Capital Investor
Professional Status
Consultant
Available
About Me
Jack Truong is a CEO, board director, and strategic advisor with over 20 years of experience in leading corporate turnarounds and transformational growth initiatives across multiple industries and regions. He has a proven track record of delivering step change results and long-term value creation for enterprises, consumers, customers, employees, and shareholders.
As the former global CEO of James Hardie Industries, a world leader in building materials, he led a transformational strategy that increased the company's market capitalization by more than US$13 billion, its annual revenue by more than US$1 billion, and its net profit by more than US$260 million in three years. He has also held senior leadership roles at Electrolux, and 3M Company, where he drove innovation, operational excellence, and customer-centricity. He is passionate about building high-performance, global teams that foster a culture of excellence, diversity, and inclusion.
As the former global CEO of James Hardie Industries, a world leader in building materials, he led a transformational strategy that increased the company's market capitalization by more than US$13 billion, its annual revenue by more than US$1 billion, and its net profit by more than US$260 million in three years. He has also held senior leadership roles at Electrolux, and 3M Company, where he drove innovation, operational excellence, and customer-centricity. He is passionate about building high-performance, global teams that foster a culture of excellence, diversity, and inclusion.
President & CEO; North America Region
Electrolux
2012
to 2015
- Led the North American organization toward the strategy of creating demand with targeted consumers with the right price value of Electrolux portfolio of brands and products; improving product quality across all platforms; earning credibility and creating value for retailers to gain market share; improving productivity in the factories; and generating award winning innovative products each year.
Turned around the company from a three-year history (2009-2011) of continuous profit decline to a company that had a step change in profitable growth during the subsequent three years (2012-2014)
Annual revenue increased organically from U$4.2 billion in 2011 to U$5.1 billion in 2014. Return on Net Assets increased from 4% in 2011 to 34% in 2014
Increased operating profits in North America from U$40 million in 2011, to U$232 million in 2012, and to U$327 million in 2013. In 2011, North America represented about 6.6% of the total profit of the global group – increasing to 30.1% in 2012 and 52.7% in 2013. These results helped to increase Electrolux share price by 120% during my tenure.
