CEO Jack Truong has earned a net worth of $11 million dollars until he got fired by James Hardie Industries.
Jack Truong was the Chief Executive Officer who was fired for his bad behavior and hostile work environment. After Jack’s dismissal, the company had a collapse of nearly $ 1 billion market capitalization.
Mr. Truong was elected in May 2017 as president of international affairs. He was then promoted to CEO in 2019 when he was tasked with transforming an international building materials company.
How Rich Is Jack Truong? Net Worth & Earnings Explored
Jack Truong is said to have a net worth of approximately $11 million dollars. His earnings mostly used to come from his role in the company to transform the global building materials.
The Australian building-products maker James Hardie Industries Plc fired Jack Truong after he had shown threatening and intimidating behavior that had created an overtly hostile work environment.
RT FinReview: James Hardie appointed Jack Truong in May 2017, tasking him with transforming the company. However, it said the board had received reports from employees Mr Truong’s work-related interactions. https://t.co/z8C6gytZHI
— Partners in Planning (@PIPAdviser) January 6, 2022
In recent months, the company had received multiple reports from employees about Jack’s work-related interactions. After investigations, he was given the opportunity to address the issues and change his behavior.
However, he failed to do so and the executives threatened to leave so the company’s board of directors decided to remove Mr. Truong.
Mr. Truong previously worked as chief executive officer of household appliances manufacturer Electrolux in North America and chief executive of the 3M industrial and consumer goods company.
CEO Jack Truong Got Fired By James Hardie For Bad Behavior
Jack Truong who lead the James Hardie Industries was terminated by the executive board today with his behavior being unsuitable for work ethic.
James Hardie Industries Plc manufactures building products for new home construction and remodeling and had stayed under his leadership for quite sometime already.
The board of James Hardie Industries has sacked Jack Truong as global chief executive after an ‘extensive and material’ breach of its code of conduct.https://t.co/VF2poRFnAY
— Business Review (@aus_business) January 6, 2022
Under Mr. Truong’s leadership, the company recorded an annual revenue increase of $US 400 million, with shares rising by more than 363 percent since 2019.
The slump in the company’s shares came after Truong’s release. Though some loss had occurred, the company still managed to upgrade its earnings for the year.
The company expects revenue for 2022 to be between $605 million and $625 million, up from its previous forecast of between $580 and $600 million.
Who Is Jack Truong Wife Or Partner?
Jack Truong does not seem to have a wife or partner but he is spotted with many beautiful women over the years.
As the news of his removal from the company rose, so does his personal life is being searched over the net, especially his wife.
He was spotted in the various event with Christien Devine, Karina Smirnoff, Shen Yun, and many more.
For now, Truong’s wife or partner is still in the shade and will be disclosed once appropriate information is found.