PulteGroup Reports on Annual Meeting of Shareholders
May 03 2017 - 12:15PM
At PulteGroup, Inc.’s (NYSE:PHM) Annual Meeting held here today,
shareholders approved all proposals submitted for a vote including
the election of all Board nominees. Bryce Blair now begins his
service as PulteGroup’s Non-Executive Chairman, following his
re-election as a director at the Annual Meeting and the Company’s
action in 2016 to separate the CEO and Chairman roles.
Mr. Blair, a PulteGroup director since 2011, is the former
chairman and CEO of AvalonBay Communities, Inc. and is the
executive chairman of Invitation Homes, and possesses substantial
experience in real estate development and investment, among other
qualifications.
“Today’s Annual Meeting brings to a successful conclusion the
succession process announced last September, as Richard Dugas,
former chairman and chief executive officer, has retired after a
distinguished, 23-year career with the company,” said Mr. Blair.
“We appreciate the years of dedicated service that Richard and
James Postl, our lead independent director since 2010, have
provided to PulteGroup and thank them both for their
contributions.”
PulteGroup also noted that director John Peshkin has succeeded
Mr. Blair as Chair of the Board’s Finance and Investment Committee.
Mr. Peshkin’s experience as a founder and managing partner at a
leading real estate investment group and as a senior executive,
investor and board member at two of the nation’s top homebuilding
companies makes him ideally suited for this role.
“We recruited John last year to benefit from his extensive
homebuilding background,” said Ryan Marshall, PulteGroup President
and Chief Executive Officer. “He has been a valuable addition and
is a natural choice as successor to Bryce Blair as Chair of the
Finance and Investment Committee.”
During the meeting's formal business, shareholders elected the
following 12 directors to one-year terms: Brian P. Anderson, Bryce
Blair, Richard W. Dreiling, Jr., Thomas J. Folliard, Joshua
Gotbaum, Cheryl W. Grisé, André J. Hawaux, Ryan R. Marshall,
Patrick J. O’Leary, John R. Peshkin, Scott F. Powers and William J.
Pulte.
Shareholders also ratified the appointment of Ernst & Young
LLP as the Company’s independent registered public accounting firm,
and approved advisory votes on executive compensation and to
recommend that future votes on named executives’ compensation be
held annually.
About PulteGroup PulteGroup,
Inc. (NYSE:PHM), based in Atlanta, is one of America’s largest
homebuilding companies with operations in approximately 50
markets throughout the country. Through its brand portfolio
that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and John
Wieland Homes and Neighborhoods, the Company is one of the
industry’s most versatile homebuilders able to meet the needs of
multiple buyer groups and respond to changing consumer
demand. PulteGroup conducts extensive research to provide
homebuyers with innovative solutions and consumer inspired homes
and communities to make lives better.
For more information about PulteGroup, Inc. and
PulteGroup brands, go to: pultegroupinc.com; www.pulte.com;
www.centex.com; www.delwebb.com; www.divosta.com; and
www.jwhomes.com.
Company Contact
Jim Zeumer
404-978-6434
jim.zeumer@pultegroup.com
PulteGroup (NYSE:PHM)
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