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TAYLOR, Mich. (February 21, 2005) - Masco Corporation (NYSE: MAS) has received a 2004 Award of Excellence from the 6th Annual Corporate University Xchange (CUX) Excellence and Innovation Awards, presented in association with Fortune magazine.
Billed as the "Academy Awards" of corporate learning, the Excellence and Innovation Awards presented by CUX recognize groundbreaking performance among corporate universities nationally and internationally. Awards are presented in seven strategic areas: Alignment, Alliances, e-Learning, Marketing, Measurement, Launching, and Leadership Development. Learning programs at more than 100 organizations were evaluated this year. Masco Corporation received the Award of Excellence in the Alliances category, recognizing its strategic partnership with Michigan State University's Eli Broad Graduate School of Management. Masco and the Broad School developed and deliver the Masco Leadership Program in Operations Management, a one-year certificate program with over 100 graduates to date. "Masco's people, and their potential, are the solution to improving performance and meeting the challenges of our increasingly demanding markets and customers," said Alan Barry, Masco's President and Chief Operating Officer. Daniel Foley, Masco's Vice President of Human Resources, said, "We are committed to the continuous growth and development of our organization and employees through active, applied-learning processes. It is our responsibility to drive both continuous improvement and cost reduction within Masco's supply chain." Internal training and development programs are available to all Masco employees. Corporate University Xchange (www.corpu.com) is the leading provider of corporate university research, benchmarking, and advisory services for helping organizations transform corporate learning. Headquartered in Taylor, Mich., Masco Corporation (www.masco.com) is one of the world's leading manufacturers of home improvement and building products as well as a leading provider of services that include the installation of insulation and other building products. The Eli Broad College of Business/The Eli Broad Graduate School of Management at Michigan State University (www.bus.msu.edu) is consistently listed among the top business schools in the country, with more than 6,000 students currently enrolled in undergraduate, MBA, masters, doctoral and executive development programs. Contact: