D.R. Horton Inc., America’s largest homebuilder by volume, announced that Paul J. Romanowski has been promoted to president and CEO and was named to the company’s board of directors.
D.R. Horton, headquartered in Arlington, also announced that David V. Auld will transition from his current role as president and CEO to executive vice chair of the board. Michael J. Murray will continue to serve as chief operating officer, the company said.
“Paul has been an integral member of our D.R. Horton management team for more than 20 years,” Board Chair Donald R. Horton said in a statement. “His outstanding performance as a division and region president and most recently as co-COO has prepared him for this opportunity. Paul is an effective leader and mentor who will help our company continue to scale and sustain its position as the leading homebuilder in the United States. These internal promotions and transitions demonstrate the strength and depth of D.R. Horton’s leadership team, and we are excited about our opportunities ahead.”
Romanowski said he’s excited about his new role.
“I look forward to working with the entire D.R. Horton team to continue building upon our strong operating platform and take advantage of the extensive market opportunities ahead of us,” he said.
Track record of growth and leadership development
Donald R. Horton said Auld’s leadership has helped build the company.
“David is a genuine, trusted leader and has been an invaluable member of the company’s management for 35 years,” Horton said. “We’re grateful for his outstanding leadership during his tenure as CEO, during which the company has achieved tremendous growth and improvements in operational efficiency and returns. Most importantly, David’s leadership has helped us strengthen the Company’s culture and development of the future leaders of D.R. Horton. I look forward to continuing to work directly with David in his new role as executive vice chair.”
Auld has been president and CEO since October 2014 and has led D.R. Horton to significant growth in revenues, market share, earnings, cash flow generation, and returns to shareholders, while substantially increasing its financial strength and flexibility, the company said.
“I’m humbled and privileged to have helped lead the largest homebuilding company in the United States, and I look forward to continuing to work with the D.R. Horton executive team and board of directors in my new role as executive vice chair,” Auld said in a statement. “I congratulate Paul on his well-deserved promotion to CEO and am extremely grateful for Mike’s important contributions as a key part of our management team in his ongoing role as COO. With strong partnership and leadership from Paul and Mike, in addition to our longtime CFO, Bill Wheat, the company is well-positioned for continued success.”
Nation’s largest homebuilder for more than 20 years
Romanowski was named co-COO in October 2021 with shared oversight of the company’s homebuilding operations nationwide. He previously served as region president overseeing all D.R. Horton homebuilding divisions in Florida, the Gulf Coast, and five Mid-Atlantic states.
Murray has been COO since October 2014 and has been vital to the successful expansion, improvement and diversification of D.R. Horton’s operations during his tenure, the company said.
D.R. Horton has been the nation’s largest homebuilder by volume since 2002 and has closed more than 1 million homes in its 45-year history.
The company has operations in 113 markets in 33 states across the nation and is engaged in the construction and sale of high-quality homes through its diverse product portfolio with sales prices generally ranging from $200,000 to over $1,000,000. It also constructs and sells both single-family and multifamily rental properties.
During the 12-month period ended June 30, D.R. Horton closed 83,201 homes in its homebuilding operations, in addition to 3,265 single-family rental homes and 530 multifamily rental units in its rental operations.
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