Beazer Homes Announces Planned Transition in Board Leadership
November 10 2014 - 8:00AM
Business Wire
- Brian C. Beazer to Step Down as
Non-Executive Chairman
- Existing Board Member Stephen P.
Zelnak Jr. to Succeed as Non-Executive Chairman
The Board of Directors of Beazer Homes USA, Inc. (NYSE: BZH)
announced today that Brian C. Beazer will step down as
Non-Executive Chairman of its Board of Directors in February 2015,
and will be succeeded by Stephen P. Zelnak, Jr., a current member
of the Beazer Homes Board of Directors. At the unanimous request of
the Company’s Board members, Mr. Beazer, who has served in the role
of Non-Executive Chairman since the Company’s IPO in 1994, will be
standing for re-election to the Board of Directors at the Company’s
annual meeting of stockholders scheduled for February 4, 2015. If
elected, Mr. Beazer has agreed to serve as a Director and as
Chairman Emeritus.
“Mr. Beazer has been in the homebuilding and construction
industry worldwide for over 50 years,” said Laurent Alpert,
Chairman of the Company’s Nominating/Corporate Governance
Committee. “His experience and vision have been driving forces at
the Company, and we are pleased that we will continue to benefit
from his knowledge and experience as we transition the Chairman’s
position.”
Mr. Alpert continued, “As we prepare for this transition, we
would like to thank Mr. Beazer for his service and dedication to
this Company. His knowledge of the homebuilding business, his
respect for others and his tireless efforts to increase shareholder
value continue to be invaluable contributions to the Company’s
success.”
“Mr. Zelnak, who has served as a Director of the Company since
February 2003, was unanimously chosen by the Board of Directors to
succeed Mr. Beazer as Non-Executive Chairman and carry on the
traditions and values instilled since the Company’s founding,” said
Mr. Alpert. “Mr. Zelnak has been an integral part of the Company’s
turnaround and return to profitability. His vast knowledge of the
building industry and mentorship skills will be tremendous assets
to the other Directors and to the management team of Beazer
Homes.”
Mr. Zelnak is Chairman and majority owner of ZP Enterprises, a
private investment firm. Mr. Zelnak is the former Non-Executive
Chairman of Martin Marietta Materials, Inc., a producer of
aggregates for the construction industry, and served as its Chief
Executive Officer from 1993 to 2009. He continues to serve as a
Director for Martin Marietta. He brings over 30 years of experience
as a senior executive in the building materials industry and an
educational background that includes business administration,
organizational behavior and finance.
Headquartered in Atlanta, Beazer Homes is one of the country’s
10 largest single-family homebuilders. The Company’s homes meet or
exceed the benchmark for energy-efficient home construction as
established by ENERGY STAR® and are designed with Choice Plans to
meet the personal preferences and lifestyles of its buyers. In
addition, the Company is committed to providing a range of
preferred lender choices to facilitate transparent competition
between lenders and enhanced customer service. The Company offers
homes in 16 states, including Arizona, California, Delaware,
Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, 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.” For more info visit Beazer.com, or
check out Beazer on Facebook and Twitter.
Beazer Homes USA, Inc.Carey Phelps, 770-829-3700Director,
Investor Relations & Corporate
Communicationsinvestor.relations@beazer.com
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