Forestar Group Inc., an Arlington-based national residential lot developer, has announced the retirement of Daniel (Dan) C. Bartok and the appointment of Anthony (Andy) W. Oxley as president and chief executive officer, effective Jan. 1.
Oxley will join Forestar from Arlington-based D.R. Horton Inc., where he currently serves as SVP – Business Development. Bartok will have a consulting role for an extended period to support a seamless transition, the company said.
“I’d like to express our gratitude to Dan for all of his significant contributions to Forestar. During Dan’s tenure as CEO, Forestar has achieved tremendous growth and become a leading residential lot developer in the United States,” Board Chairman Donald J. Tomnitz said in a statement. “Dan has been instrumental in leading Forestar to build and expand our platform and operations, which has positioned us for continued growth and success. We thank him for his leadership and wish him all the best in his well-deserved retirement.”
Tomnitz said that Oxley’s background makes him a good choice to lead Forestar.
“As we look forward, Andy is an experienced, effective leader and has been an integral member of D.R. Horton’s management team for over two decades, with extensive land acquisition and development experience that positions him extremely well for this role,” Tomnitz said. “I am confident that Andy is well prepared to lead Forestar in continuing to expand our platform and operations to further scale our position as a leading lot developer.”
Working with D. R. Horton ‘to expand and strengthen the Forestar platform’
Oxley has held a number of roles in his 25-year career at D.R. Horton and has been active in all aspects of land acquisition, land development, homebuilding, and day-to-day division operations.
He has served as division president in several large markets including Atlanta and Nashville, and his leadership responsibilities in the last ten years include serving as regional operations manager, national director of REO acquisitions, and regional acquisitions manager.
Forestar said that in Oxley’s current role at D.R. Horton, he oversees all M&A activity and new market opportunities for startup divisions, in addition to being integrally involved in D.R. Horton’s relationships in strategic land banking and land development. Oxley is also responsible for D.R. Horton’s property, technology, and innovation investments.
Before joining D.R. Horton in 1998, he was a partner in the law firm of Hyatt & Stubblefield P.C. in Atlanta.
“I am excited to join Forestar and have the utmost respect and appreciation for what Dan and the Forestar team have accomplished. This business plays an important role in land development for the homebuilding industry, and I believe there is a bright future ahead as we continue to work closely with D.R. Horton to expand and strengthen the Forestar platform,” Oxley said in a statement. “I want to thank Don and the rest of the Forestar Board for their vote of confidence, and I look forward to working in partnership with the team over the coming months to execute on our strategy for long-term growth.”
Bartok thanked Forestar for his time leading the company.
“It has been an honor to serve as CEO of Forestar for the past six years. I am proud of our work to become one of the largest residential community developers in the country, with a strong balance sheet and blueprint for long-term growth,” he said.
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