Beazer Homes Names Jeffrey S. Hoza as Vice President and Treasurer
07 11월 2008 - 6:01AM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced
the appointment of Jeffrey S. Hoza as Vice President, Treasurer.
Mr. Hoza joins Beazer Homes from Wachovia Securities, where he
served as a Director in the Real Estate Division. His primary
responsibilities included managing client relationships and
delivering financial products and services to both publicly-traded
and private companies in the homebuilding industry, including
Beazer Homes. Prior to joining Wachovia in 1995, he was with GE
Capital, where he developed lending relationships with larger
homebuilders and developers and was involved in the acquisition of
real estate assets from the Resolution Trust Corporation. Mr. Hoza
received his undergraduate degree from The Pennsylvania State
University and his Master of Business Administration degree from
the University of Pittsburgh. Mr. Hoza will be responsible for all
aspects of the treasury function, including prudent management of
the Company�s cash and cash equivalents and managing relationships
with the Company�s lenders, including its bank syndicate. In
addition, he will play a key role in the Company�s acquisition and
disposition of land assets, and be responsible for identifying and
structuring distressed asset purchases from financial institutions
and other homebuilders. Allan P. Merrill, Executive Vice President
and Chief Financial Officer said, �We are pleased to welcome Jeff
to Beazer Homes. His depth of experience in homebuilding and
finance, gained in a wide variety of economic climates, will be
extremely valuable as we manage through the current challenges in
the housing market and will help us to better position the Company
for the opportunities that we expect will arise when our markets
begin to recover.� Beazer Homes USA, Inc., headquartered in
Atlanta, is one of the country�s ten largest single-family
homebuilders with continuing operations in Arizona, California,
Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey,
New Mexico, New York, North Carolina, Pennsylvania, South Carolina,
Tennessee, Texas, and Virginia. Beazer Homes is listed on the New
York Stock Exchange under the ticker symbol �BZH.� Forward Looking
Statements This press release contains forward-looking statements.
These forward-looking statements represent our expectations or
beliefs concerning future events, and it is possible that the
results described in this press release will not be achieved. These
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of our control, that could
cause actual results to differ materially from the results
discussed in the forward-looking statements, including, among other
things, (i) the timing and final outcome of the United States
Attorney investigation and other state and federal agency
investigations, the putative class action lawsuits, the derivative
claims, multi-party suits and similar proceedings as well as the
results of any other litigation or government proceedings; (ii)
material weaknesses in our internal control over financial
reporting; (iii) additional asset impairment charges or writedowns;
(iv) economic changes nationally or in local markets, including
changes in consumer confidence, volatility of mortgage interest
rates and inflation; (v) continued or increased downturn in the
homebuilding industry; (vi) estimates related to homes to be
delivered in the future (backlog) are imprecise as they are subject
to various cancellation risks which cannot be fully controlled,
(vii) continued or increased disruption in the availability of
mortgage financing; (viii) our cost of and ability to access
capital and otherwise meet our ongoing liquidity needs including
the impact of any further downgrades of our credit ratings; (ix)
potential inability to comply with covenants in our debt
agreements; (x) continued negative publicity; (xi) increased
competition or delays in reacting to changing consumer preference
in home design; (xii) shortages of or increased prices for labor,
land or raw materials used in housing production; (xiii) factors
affecting margins such as decreased land values underlying land
option agreements, increased land development costs on projects
under development or delays or difficulties in implementing
initiatives to reduce production and overhead cost structure; (xiv)
the performance of our joint ventures and our joint venture
partners; (xv) the impact of construction defect and home warranty
claims and the cost and availability of insurance, including the
availability of insurance for the presence of moisture intrusion;
(xvi) a material failure on the part of our subsidiary Trinity
Homes LLC to satisfy the conditions of the class action settlement
agreement, including assessment and remediation with respect to
moisture intrusion related issues; (xvii) delays in land
development or home construction resulting from adverse weather
conditions; (xviii) potential delays or increased costs in
obtaining necessary permits as a result of changes to, or complying
with, laws, regulations, or governmental policies and possible
penalties for failure to comply with such laws, regulations and
governmental policies; (xix) effects of changes in accounting
policies, standards, guidelines or principles; or (xx) terrorist
acts, acts of war and other factors over which the Company has
little or no control. Any forward-looking statement speaks only as
of the date on which such statement is made, and, except as
required by law, we do not undertake any obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. New factors emerge from
time to time and it is not possible for management to predict all
such factors.
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