ATLANTA--(BUSINESS WIRE)--
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com)
today announced the appointment of Kenneth F. Khoury as Executive Vice
President and General Counsel.
Most recently, Mr. Khoury was Executive Vice President and General
Counsel of Delta Air Lines from September 2006 to November 2008.
Practicing law for over 30 years, Mr. Khoury’s career has included both
private practice and extensive in-house counsel experience, including 15
years with Georgia-Pacific Corporation, where he served as Vice
President and Deputy General Counsel. He received a Bachelor of Arts
degree from Rutgers College and a Juris Doctor from Fordham University
School of Law.
Ian McCarthy, President and Chief Executive Officer said, “We are
extremely pleased to have someone of Ken’s caliber join the executive
team at Beazer Homes. His depth of experience managing a broad array of
corporate legal activities across multiple and complex industries will
be extremely valuable as we navigate the current challenges in the
housing market. I also look forward to his contributions as we position
the Company for the opportunities that we expect will arise when our
markets begin to recover.”
Beazer Homes USA, Inc., headquartered in Atlanta, is one of the
country’s ten largest single-family homebuilders with continuing
operations in Arizona, California, Delaware, Florida, Georgia, Indiana,
Maryland, Nevada, New Jersey, New Mexico, 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.”
Forward Looking Statements
This press release contains forward-looking statements. These
forward-looking statements represent our expectations or beliefs
concerning future events, and it is possible that the results described
in this press release will not be achieved. These forward-looking
statements are subject to risks, uncertainties and other factors, many
of which are outside of our control, that could cause actual results to
differ materially from the results discussed in the forward-looking
statements, including, among other things, (i) the timing and final
outcome of the United States Attorney investigation and other state and
federal agency investigations, the putative class action lawsuits, the
derivative claims, multi-party suits and similar proceedings as well as
the results of any other litigation or government proceedings; (ii)
additional asset impairment charges or writedowns; (iii) economic
changes nationally or in local markets, including changes in consumer
confidence, volatility of mortgage interest rates and inflation; (iv)
continued or increased downturn in the homebuilding industry; (v)
estimates related to homes to be delivered in the future (backlog) are
imprecise as they are subject to various cancellation risks which cannot
be fully controlled, (vi) continued or increased disruption in the
availability of mortgage financing; (vii) our cost of and ability to
access capital and otherwise meet our ongoing liquidity needs including
the impact of any further downgrades of our credit ratings or reductions
in our tangible net worth or liquidity levels; (viii) potential
inability to comply with covenants in our debt agreements; (ix)
increased competition or delays in reacting to changing consumer
preference in home design; (x) shortages of or increased prices for
labor, land or raw materials used in housing production; (xi) factors
affecting margins such as decreased land values underlying land option
agreements, increased land development costs on projects under
development or delays or difficulties in implementing initiatives to
reduce production and overhead cost structure; (xii) the performance of
our joint ventures and our joint venture partners; (xiii) the impact of
construction defect and home warranty claims and the cost and
availability of insurance, including the availability of
insurance for the presence of moisture intrusion; (xiv) delays in land
development or home construction resulting from adverse weather
conditions; (xv) potential delays or increased costs in obtaining
necessary permits as a result of changes to, or complying with, laws,
regulations, or governmental policies and possible penalties for failure
to comply with such laws, regulations and governmental policies; (xvi)
effects of changes in accounting policies, standards, guidelines or
principles; or (xvii) terrorist acts, acts of war and other factors over
which the Company has little or no control.
Any forward-looking statement speaks only as of the date on which
such statement is made, and, except as required by law, we do not
undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time and it is not possible
for management to predict all such factors.
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
Leslie H. Kratcoski, 770-829-3764
Vice
President, Investor Relations & Corporate Communications
lkratcos@beazer.com