Beazer Homes Names Kenneth F. Khoury Executive Vice President and General Counsel
07 1월 2009 - 6:15AM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced
the appointment of Kenneth F. Khoury as Executive Vice President
and General Counsel. Most recently, Mr. Khoury was Executive Vice
President and General Counsel of Delta Air Lines from September
2006 to November 2008. Practicing law for over 30 years, Mr.
Khoury�s career has included both private practice and extensive
in-house counsel experience, including 15 years with
Georgia-Pacific Corporation, where he served as Vice President and
Deputy General Counsel. He received a Bachelor of Arts degree from
Rutgers College and a Juris Doctor from Fordham University School
of Law. Ian McCarthy, President and Chief Executive Officer said,
�We are extremely pleased to have someone of Ken�s caliber join the
executive team at Beazer Homes. His depth of experience managing a
broad array of corporate legal activities across multiple and
complex industries will be extremely valuable as we navigate the
current challenges in the housing market. I also look forward to
his contributions as we 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)
additional asset impairment charges or writedowns; (iii) economic
changes nationally or in local markets, including changes in
consumer confidence, volatility of mortgage interest rates and
inflation; (iv) continued or increased downturn in the homebuilding
industry; (v) 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, (vi) continued
or increased disruption in the availability of mortgage financing;
(vii) 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 or reductions in our tangible net
worth or liquidity levels; (viii) potential inability to comply
with covenants in our debt agreements; (ix) increased competition
or delays in reacting to changing consumer preference in home
design; (x) shortages of or increased prices for labor, land or raw
materials used in housing production; (xi) 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; (xii) the
performance of our joint ventures and our joint venture partners;
(xiii) 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;
(xiv) delays in land development or home construction resulting
from adverse weather conditions; (xv) 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; (xvi) effects of changes in
accounting policies, standards, guidelines or principles; or (xvii)
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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