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Posted 20 September, 2023

HORTON D R INC /DE/ appointed Paul J. Romanowski as new CEO

NYSE:DHI appointed new Chief Executive Officer Paul J. Romanowski in a 8-K filed on 20 September, 2023.


  Effective October 1, 2023, the Board appointed Paul J. Romanowski, age 53, to the office of President and Chief Executive Officer.  

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Overview of HORTON D R INC /DE/
Real Estate/Construction • Residential Building Construction
D.R. Horton, Inc. engages in the construction and sale of single-family housing. It operates through the following geographical segments: Northwest, Southwest, South Central, Southeast, East, and North. The Northwest segment includes Colorado, Oregon, Utah, and Washington. The Southwest segment focuses on Arizona, California, Hawaii, Nevada, and New Mexico. The South Central segment is involved in Arkansas, Oklahoma, and Texas. The Southeast segment refers to Alabama, Florida, Louisiana, and Mississippi. The East segment operates Georgia, North Carolina, South Carolina, and Tennessee. The North segment focuses on Delaware, Illinois, Indiana, Iowa, Kentucky, Maryland, Minnesota, Nebraska, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The company was founded by Donald Ray Horton in 1978 and is headquartered in Arlington, TX.
Market Cap
$50.6B
View Company Details
HORTON D R INC /DE/ by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On September 19, 2023, the Board of Directors (the "Board") of D.R. Horton, Inc. (the "Company") made the following determinations. Effective October 1, 2023, the Board appointed Paul J. Romanowski, age 53, to the office of President and Chief Executive Officer. Mr. Romanowski has been the Company's Executive Vice President and Co-Chief Operating Officer since October 2021, after serving as a Region President overseeing the Company's homebuilding operations in Florida and the Gulf Coast from 2014 to 2021, and in 2019 his oversight responsibilities were expanded to also include the Company's operations in five Mid-Atlantic states. From 1999 to 2014, he served as Division President of the Company's South Florida Division.


Mr. Romanowski was also appointed to the Company's Board effective October 1, 2023, which appointment will increase the total number of directors to eight, five of whom are independent. Mr. Romanowski will not receive any additional compensation for serving on the Board, and there are no arrangements or understandings between Mr. Romanowski and any other person pursuant to which Mr. Romanowski was selected as a director or officer.


Effective October 1, 2023, David V. Auld will transition from his role as President and CEO to Executive Vice Chair of the Company's Board. 


Donald R. Horton will continue his role as Chairman of the Board, but effective October 1, 2023, will no longer serve as an executive officer of the Company. 


The Compensation Committee of the Board will review compensation for these executives in the coming weeks as a result of these changes.