Dominion Homes Hires New President & COO
March 02 2006 - 4:49PM
Business Wire
Dominion Homes, (NASDAQ:DHOM) one of the nation's top homebuilders
with revenues of $415.7 million from the delivery of 2,146 homes in
2005, has named Jeffrey Croft its new President and Chief Operating
Officer. Croft was hired after an extensive nationwide industry
search. The addition of Croft comes on the heels of the recent
announcement of William Cornely as the Company's new CFO. Both
Croft and Cornely will report to Chairman and CEO Douglas G.
Borror. "Jeff's career in the building industry spans over 20
years," Douglas G. Borror, Chairman and CEO said. "He is a
visionary leader with the operations and finance background to help
our company grow and prosper. He has proven his ability to lead
through times of challenge and change, which we have experienced in
the recent market downturn." Croft, who starts on March 13, will be
responsible for overseeing Dominion's division operations (Ohio and
Kentucky) including strategic direction, capital allocation,
organizational development, operational performance, project
approval and product development, and will spearhead the Company's
expansion projects. "This is just the opportunity I've been looking
for," Croft said. "Dominion Homes has a reputation for quality and
innovation, and I'm excited to be aligned with a Company that
doesn't just want to reach the next level, but wants to be the best
it can be on every level." Prior to joining Dominion Homes, Croft
spent over 19 years with Pulte Homes, one of the largest
homebuilders in the country, in various regional positions, most
recently as an Area President providing strategic direction and
overseeing operations in Pulte's Northeast Region. Croft began his
career with Price Waterhouse & Company (now
PricewaterhouseCoopers) supervising accounts in the Detroit area.
Croft, a CPA, holds a BS in Business from Central Michigan
University. He and his wife, both originally from Michigan, will be
relocating to the Columbus area from Virginia. They have two
children aged 17 and 21. Dominion Homes offers a variety of homes,
which are differentiated by size, price, standard features and
available options. The Company's "The Best of Everything"
philosophy focuses on providing its customers with unsurpassed
products, quality, and customer service. Additional information
about the Company and its homes is located on its website
(www.dominionhomes.com).
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