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Brian C. Beazer to Step Down as Non-Executive Chairman
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Existing Board Member Stephen P. Zelnak Jr. to Succeed as
Non-Executive Chairman
ATLANTA--(BUSINESS WIRE)--Nov. 10, 2014--
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.
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
Carey Phelps, 770-829-3700
Director,
Investor Relations & Corporate Communications
investor.relations@beazer.com