Jim Ossowski, PulteGroup Senior Vice
President, Finance, to Succeed O’Shaughnessy as CFO
PulteGroup, Inc. (NYSE: PHM) announced today that Bob
O’Shaughnessy, Executive Vice President and Chief Financial
Officer, has notified the Company that he intends to retire at the
end of 2025. As part of its long-term succession planning process,
PulteGroup has named Jim Ossowski, currently PulteGroup’s Senior
Vice President, Finance, as successor.
O’Shaughnessy, who joined the Company in 2011, will continue to
serve as PulteGroup CFO through year end and final certification of
the Company’s 2024 financial statements in early February 2025.
O’Shaughnessy will then remain with PulteGroup through the end of
2025 as Executive Vice President. In addition to supporting a
smooth transition of CFO responsibilities, in 2025 he will continue
to oversee the Company’s Financial Services business, strategic
partnerships, and its asset management committee.
Ossowski has been promoted to Executive Vice President and Chief
Financial Officer effective February 2025. At that time, he will
report directly to PulteGroup President and Chief Executive Officer
Ryan Marshall and have responsibility for PulteGroup’s accounting,
tax, audit, risk management and treasury functions.
“During his 13 years with PulteGroup, Bob has been an
outstanding leader and business partner who established many of the
critical financial processes upon which our success has been
built,” said Ryan Marshall, PulteGroup President and CEO. “Bob has
been a key strategic advisor and architect of our Company’s
transformation over the past decade. PulteGroup is a performance
leader in the homebuilding industry because of the impact of Bob’s
insights and strong financial stewardship.
“I’m also pleased to have Jim Ossowski join my senior leadership
team, and his promotion into the CFO role highlights PulteGroup’s
deep talent bench and long-term succession planning. Given his
extensive experience with our field operations and the Company’s
critical asset management committee, Jim has an unmatched
understanding of our homebuilding operations, and I am confident
that he is the right leader to advance our growth and track record
of financial success,” said Marshall.
In his current role, Ossowski has responsibility for all finance
and accounting activities for PulteGroup’s $16 billion homebuilding
operations, including managing the Company’s asset management
committee, which reviews and approves all land transactions, and
its risk management and financial planning and analysis functions.
Over his 22-year career with PulteGroup, Ossowski has served as VP
- Finance and Corporate Controller, VP - Finance, Homebuilding
Operations, Area VP – Finance and Director of Corporate Audit.
Ossowski has a Bachelor of Science degree in Accounting from
Oakland University in Michigan.
Forward-Looking Statements
This release includes “forward-looking statements.” These
statements are subject to a number of risks, uncertainties and
other factors that could cause our actual results, performance,
prospects or opportunities, as well as those of the markets we
serve or intend to serve, to differ materially from those expressed
in, or implied by, these statements. You can identify these
statements by the fact that they do not relate to matters of a
strictly factual or historical nature and generally discuss or
relate to forecasts, estimates or other expectations regarding
future events. Generally, the words “believe,” “expect,” “intend,”
“estimate,” “anticipate,” “plan,” “project,” “may,” “can,” “could,”
“might,” “should,” “will” and similar expressions identify
forward-looking statements, including statements related to any
potential impairment charges and the impacts or effects thereof,
expected operating and performing results, planned transactions,
planned objectives of management, future developments or conditions
in the industries in which we participate and other trends,
developments and uncertainties that may affect our business in the
future.
Such risks, uncertainties and other factors include, among other
things: interest rate changes and the availability of mortgage
financing; the impact of any changes to our strategy in responding
to the cyclical nature of the industry or deteriorations in
industry changes or downward changes in general economic or other
business conditions, including any changes regarding our land
positions and the levels of our land spend; economic changes
nationally or in our local markets, including inflation, deflation,
changes in consumer confidence and preferences and the state of the
market for homes in general; labor supply shortages and the cost of
labor; the availability and cost of land and other raw materials
used by us in our homebuilding operations; a decline in the value
of the land and home inventories we maintain and resulting possible
future writedowns of the carrying value of our real estate assets;
competition within the industries in which we operate; governmental
regulation directed at or affecting the housing market, the
homebuilding industry or construction activities, slow growth
initiatives and/or local building moratoria; the availability and
cost of insurance covering risks associated with our businesses,
including warranty and other legal or regulatory proceedings or
claims; damage from improper acts of persons over whom we do not
have control or attempts to impose liabilities or obligations of
third parties on us; weather related slowdowns; the impact of
climate change and related governmental regulation; adverse capital
and credit market conditions, which may affect our access to and
cost of capital; the insufficiency of our income tax provisions and
tax reserves, including as a result of changing laws or
interpretations; the potential that we do not realize our deferred
tax assets; our inability to sell mortgages into the secondary
market; uncertainty in the mortgage lending industry, including
revisions to underwriting standards and repurchase requirements
associated with the sale of mortgage loans, and related claims
against us; risks related to information technology failures, data
security issues, and the effect of cybersecurity incidents and
threats; the impact of negative publicity on sales; failure to
retain key personnel; the impairment of our intangible assets; the
disruptions associated with the COVID-19 pandemic (or another
epidemic or pandemic or similar public threat or fear of such an
event), and the measures taken to address it; and other factors of
national, regional and global scale, including those of a
political, economic, business and competitive nature. See Item 1A –
Risk Factors in our Annual Report on Form 10-K for the fiscal year
ended December 31, 2023 for a further discussion of these and other
risks and uncertainties applicable to our businesses. We undertake
no duty to update any forward-looking statement, whether as a
result of new information, future events or changes in our
expectations.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one
of America’s largest homebuilding companies with operations in more
than 45 markets throughout the country. Through its brand portfolio
that includes Centex, Pulte Homes, Del Webb, DiVosta Homes,
American West 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’s purpose is building incredible places where
people can live their dreams.
For more information about PulteGroup, Inc. and PulteGroup
brands, go to pultegroup.com; pulte.com; centex.com; delwebb.com;
divosta.com; jwhomes.com; and americanwesthomes.com. Follow
PulteGroup, Inc. on X: @PulteGroupNews.
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version on businesswire.com: https://www.businesswire.com/news/home/20240722882306/en/
Investors: Jim Zeumer (404) 978-6434
jim.zeumer@pultegroup.com
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