{"id":764726,"date":"2023-06-20T09:26:40","date_gmt":"2023-06-20T13:26:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/"},"modified":"2023-06-20T09:26:40","modified_gmt":"2023-06-20T13:26:40","slug":"hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/","title":{"rendered":"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MATAWAN, N.J., June  20, 2023  (GLOBE NEWSWIRE) &#8212; Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023. Mr. Sorsby will continue to serve the Company in his role as a member of the Board of Directors.<\/p>\n<p align=\"justify\">\u201cWhen reminiscing about Larry&#8217;s 35 years of service, I am overwhelmed\u00a0by all the ways both big and small that he contributed to our Company. His vast knowledge of the homebuilding industry and his financial acumen, particularly his understanding of the capital markets, vaults him to the top of a list of the best chief financial officers that have worked in this industry. I will never be able to thank him enough for his leadership in navigating our company through both the ups and the downs of the homebuilding cycles. The good news is that he will continue as an esteemed member of our Board of Directors, so our Company will continue to benefit from his wise counsel and insight. Anyone, including myself, who has had the pleasure of working closely with Larry over the years is better off both professionally and personally. His guidance and direction allowed the company to manage through challenging cycles and will be indelibly imprinted on our future successes,\u201d stated Ara K. Hovnanian, Chairman of the Board, President, and Chief Executive Officer.<\/p>\n<p align=\"justify\">Brad G. O\u2019Connor, age 52, has been appointed Chief Financial Officer, effective November 1, 2023. Mr. O\u2019Connor joined the Company in May 2004 as Vice President, Associate Corporate Controller, was promoted to Vice President, Corporate Controller in December 2007 and in May 2011, also became Vice President, Chief Accounting Officer. In April 2020, he was promoted to Senior Vice President and Treasurer and continued in his role of Chief Accounting Officer.<\/p>\n<p align=\"justify\">\u201cBrad has more than 30 years of accounting and finance experience, including his 19+ years with our Company and I am confident that he has the skill set and the expertise to assist in leading our Company to the next level of success and beyond,\u201d concluded Mr. Hovnanian.<\/p>\n<p align=\"justify\">\n        <strong>About Hovnanian Enterprises, Inc.<\/strong><br \/>\n        <br \/>Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation\u2019s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia. The Company\u2019s homes are marketed and sold under the trade name K. Hovnanian Homes. Additionally, the Company\u2019s subsidiaries, as developers of K. Hovnanian\u2019s Four Seasons communities, make the Company one of the nation\u2019s largest builders of active lifestyle communities.<\/p>\n<p align=\"justify\">Additional information on Hovnanian Enterprises, Inc. can be accessed through the \u201cInvestor Relations\u201d section of Hovnanian Enterprises\u2019 website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2LPDiYw8f7bF-xo2-ErlAeZJm8dy-krMK_DUV70jg_BQYolUV4u9FD5U54z9w6j_jIuK8YTeEpr626h5RqP1Zg==\" rel=\"nofollow noopener\" target=\"_blank\"><u>http:\/\/www.khov.com<\/u><\/a>. To be added to Hovnanian&#8217;s investor e-mail or fax lists, please send an e-mail to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jMZWxW8uVwZogzRVP4jHZyFuBpxx7hIPUbbZEZtfLawfJXi0HOLwCgQlocs5P647WAGWOu5jwPStTSE9CzHuDA==\" rel=\"nofollow noopener\" target=\"_blank\"><u>IR@khov.com<\/u><\/a> or sign up at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2LPDiYw8f7bF-xo2-ErlAUAiaknHA5_oW29y5cv9B9nqKt-WpiFQapDiKZirlLbgC1eDU_Q7nK6-vVWZwo5p_A==\" rel=\"nofollow noopener\" target=\"_blank\"><u>http:\/\/www.khov.com<\/u><\/a>.<\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong>Contact:<\/strong>\n          <\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0 \u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">J. Larry Sorsby<br \/>Executive Vice President &amp; CFO<br \/>732-747-7800<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Jeffrey T. O\u2019Keefe<br \/>Vice President of Investor Relations<br \/>732-747-7800\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTA5NSM1NjU0MDc5IzIwMDU1MTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MWQyZjQ3MmMtZmI0OS00MWZmLTlhNmUtNjc5NzZmMDM0MWM2LTEwMTcwODk=\/tiny\/Hovnanian-Enterprises-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MATAWAN, N.J., June 20, 2023 (GLOBE NEWSWIRE) &#8212; Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023. Mr. Sorsby will continue to serve the Company in his role as a member of the Board of Directors. \u201cWhen reminiscing about Larry&#8217;s 35 years of service, I am overwhelmed\u00a0by all the ways both big and small that he contributed to our Company. His vast knowledge of the homebuilding industry and his financial acumen, particularly his understanding of the capital markets, vaults him to the top of a list of the best chief financial officers that have worked in this industry. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-764726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MATAWAN, N.J., June 20, 2023 (GLOBE NEWSWIRE) &#8212; Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023. Mr. Sorsby will continue to serve the Company in his role as a member of the Board of Directors. \u201cWhen reminiscing about Larry&#8217;s 35 years of service, I am overwhelmed\u00a0by all the ways both big and small that he contributed to our Company. His vast knowledge of the homebuilding industry and his financial acumen, particularly his understanding of the capital markets, vaults him to the top of a list of the best chief financial officers that have worked in this industry. &hellip; Continue reading &quot;Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-20T13:26:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTA5NSM1NjU0MDc5IzIwMDU1MTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer\",\"datePublished\":\"2023-06-20T13:26:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\\\/\"},\"wordCount\":524,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg2MTA5NSM1NjU0MDc5IzIwMDU1MTY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\\\/\",\"name\":\"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer - 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(NYSE: HOV), a leading national homebuilder, announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023. Mr. Sorsby will continue to serve the Company in his role as a member of the Board of Directors. \u201cWhen reminiscing about Larry&#8217;s 35 years of service, I am overwhelmed\u00a0by all the ways both big and small that he contributed to our Company. His vast knowledge of the homebuilding industry and his financial acumen, particularly his understanding of the capital markets, vaults him to the top of a list of the best chief financial officers that have worked in this industry. &hellip; Continue reading \"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-20T13:26:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTA5NSM1NjU0MDc5IzIwMDU1MTY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer","datePublished":"2023-06-20T13:26:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/"},"wordCount":524,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MTA5NSM1NjU0MDc5IzIwMDU1MTY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hovnanian-enterprises-announces-retirement-of-larry-sorsby-executive-vice-president-and-chief-financial-officer\/","name":"Hovnanian Enterprises Announces Retirement of Larry Sorsby, Executive Vice President and Chief Financial Officer - 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