Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer
20 6월 2023 - 9:30PM
Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national
homebuilder, announced that J. Larry Sorsby, Executive Vice
President and Chief Financial Officer, intends to retire from the
Company effective October 31, 2023. Mr. Sorsby will continue to
serve the Company in his role as a member of the Board of
Directors.
“When reminiscing about Larry's 35 years of
service, I am overwhelmed by all the ways both big and small
that he contributed to our Company. His vast knowledge of the
homebuilding industry and his financial acumen, particularly his
understanding of the capital markets, vaults him to the top of a
list of the best chief financial officers that have worked in this
industry. I will never be able to thank him enough for his
leadership in navigating our company through both the ups and the
downs of the homebuilding cycles. The good news is that he will
continue as an esteemed member of our Board of Directors, so our
Company will continue to benefit from his wise counsel and insight.
Anyone, including myself, who has had the pleasure of working
closely with Larry over the years is better off both professionally
and personally. His guidance and direction allowed the company to
manage through challenging cycles and will be indelibly imprinted
on our future successes,” stated Ara K. Hovnanian, Chairman of the
Board, President, and Chief Executive Officer.
Brad G. O’Connor, age 52, has been appointed
Chief Financial Officer, effective November 1, 2023. Mr. O’Connor
joined the Company in May 2004 as Vice President, Associate
Corporate Controller, was promoted to Vice President, Corporate
Controller in December 2007 and in May 2011, also became Vice
President, Chief Accounting Officer. In April 2020, he was promoted
to Senior Vice President and Treasurer and continued in his role of
Chief Accounting Officer.
“Brad has more than 30 years of accounting and
finance experience, including his 19+ years with our Company and I
am confident that he has the skill set and the expertise to assist
in leading our Company to the next level of success and beyond,”
concluded Mr. Hovnanian.
About Hovnanian Enterprises,
Inc.Hovnanian Enterprises, Inc., founded in 1959 by Kevork
S. Hovnanian, is headquartered in Matawan, New Jersey and, through
its subsidiaries, is one of the nation’s largest homebuilders with
operations in Arizona, California, Delaware, Florida, Georgia,
Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina,
Texas, Virginia, Washington, D.C. and West Virginia. The Company’s
homes are marketed and sold under the trade name K. Hovnanian
Homes. Additionally, the Company’s subsidiaries, as developers of
K. Hovnanian’s Four Seasons communities, make the Company one of
the nation’s largest builders of active lifestyle communities.
Additional information on Hovnanian Enterprises,
Inc. can be accessed through the “Investor Relations” section of
Hovnanian Enterprises’ website at http://www.khov.com. To be added
to Hovnanian's investor e-mail or fax lists, please send an e-mail
to IR@khov.com or sign up at http://www.khov.com.
Contact: |
|
J. Larry SorsbyExecutive Vice President & CFO732-747-7800 |
|
Jeffrey T. O’KeefeVice President of Investor
Relations732-747-7800 |
|
|
|
|
|
Hovnanian Enterprises (NYSE:HOV)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Hovnanian Enterprises (NYSE:HOV)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024