The New Home Company Makes C-Suite Shifts
Joseph Davis, Chief Investment Officer of The New Home Company, resigned his post effective June 26, 2015. Mr. Davis, a long-time veteran of The Irvine Company prior to New Home, had served in the role since 2010. Wayne Stelmar, currently the company’s CFO, will step into the CIO role. John Stephens, most recently the CFO for MDC Holdings (parent company of Richmond American Homes), will fill the CFO slot vacated by Mr. Stelmar.
About author
You might also like
Toll Reports Strong 1Q 2015
Toll Brothers handily beat the Street with its fiscal 1Q 2015 earnings. Revenue was $835.5M, which represented a 33% increase over the year ago period, and well above the $773.5M
Deal Flow
Builder Online provides a summary of all the M&A activity nationally that has taken place in the homebuilding sector. Read more
Hovnanian Beats the Street
In its latest quarterly earnings report, Hovnanian posted profit of $322.5M or $1.95 per share versus analyst expectations of 20 cents per share. Notably, $285.1M of profit was from a