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Posted 24 March, 2022

NVR INC appointed Eugene J. Bredow as new CEO

NYSE:NVR appointed new Chief Executive Officer Eugene J. Bredow in a 8-K filed on 24 March, 2022.


  The Board of Directors has appointed Eugene J. Bredow, currently President of NVR Mortgage, to become President and Chief Executive Officer effective May 4, 2022.  

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Overview of NVR INC
Real Estate/Construction • Residential Building Construction
NVR, Inc. engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings. It operates through the following geographical segments: Mid Atlantic, North East, Mid East, and South East. The Mid Atlantic segment includes Maryland, Virginia, West Virginia, Delaware, and Washington, D.C. The North East segment pertains to New Jersey and Eastern Pennsylvania. The Mid East segment refers to New York, Ohio, Western Pennsylvania, Indiana, and Illinois. The South East segment consists of North Carolina, South Carolina, Tennessee, Florida, Georgia, and Kentucky. The company was founded in 1980 and is headquartered in Reston, VA.
Market Cap
$22.1B
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NVR INC 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 March 24, 2022, NVR, Inc. ("NVR") issued a press release reporting the following director and executive officer changes. Dwight C. Schar, Chairman of NVR's Board of Directors, (the "Board") will be retiring effective May 4, 2022, the end of Mr. Schar's current term. The Board has in turn approved the nomination of Paul C. Saville, currently President and Chief Executive Officer, to stand for election to the Board at the 2022 Annual Meeting of Shareholders on May 4, 2022. Effective upon election to the Board, Mr. Saville will be appointed Executive Chairman of the Board and will relinquish the President and Chief Executive Officer positions. The Board of Directors has appointed Eugene J. Bredow, currently President of NVR Mortgage, to become President and Chief Executive Officer effective May 4, 2022.


Mr. Schar, age 80, has been Chairman of the Board since September 1993 and is the founder of NVR. From 1993 through 2005, Mr. Schar also served as CEO.


Mr. Saville, age 66, has served as President and Chief Executive Officer of NVR since July 1, 2005 and has been employed by NVR since 1981. 


Mr. Bredow, age 52, has been employed by NVR since 2004 and has served as President of NVR Mortgage since April 2019. Mr. Bredow served as Senior Vice President and Chief Administrative Officer from March 2018 through March 2019. Mr. Bredow served as Vice President and Controller from June 2012 and Chief Accounting Officer from February 2016 through February 2018.