People: Hovnanian Enterprises Inc (HOV.N)

HOV.N on New York Stock Exchange

4.42USD
25 Jul 2014
Price Change (% chg)

$-0.04 (-0.90%)
Prev Close
$4.46
Open
$4.44
Day's High
$4.45
Day's Low
$4.39
Volume
471,125
Avg. Vol
602,899
52-wk High
$6.79
52-wk Low
$4.36

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Summary

Name Age Since Current Position

Ara Hovnanian

56 2009 Chairman of the Board, President, Chief Executive Officer

J. Larry Sorsby

58 2009 Chief Financial Officer, Executive Vice President, Director

Thomas Pellerito

66 2010 Chief Operating Officer

David Valiaveedan

46 2009 Vice President - Finance, Treasurer

Brad O'Connor

43 2011 Chief Accounting Officer, Vice President, Corporate Controller

Robert Coutts

64 2006 Independent Director

Edward Kangas

69 2002 Independent Director

Joseph Marengi

60 2006 Independent Director

Vincent Pagano

63 2013 Independent Director

Stephen Weinroth

75 1982 Independent Director

Jeffrey O'Keefe

Vice President - Investor Relations

Biographies

Name Description

Ara Hovnanian

Mr. Ara K. Hovnanian is Chairman of the Board, President, Chief Executive Officer of Hovnanian Enterprises, Inc. Mr. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. Hovnanian joined the Company in 1979 and has been a Director of the Company since 1981 and was Vice Chairman from 1998 through November 2009. In November 2009, he was elected Chairman of the Board following the death of Kevork S. Hovnanian, the chairman and founder of the Company and the father of Mr. Hovnanian.

J. Larry Sorsby

Mr. J. Larry Sorsby is Chief Financial Officer, Executive Vice President, Director of Hovnanian Enterprises, Inc. Mr. Sorsby has been Chief Financial Officer of Hovnanian Enterprises, Inc. since 1996, and Executive Vice President since November 2000. Mr. Sorsby was also Senior Vice President from March 1991 to November 2000 and was elected as a Director of the Company in 1997. He is Chairman of the Board of Visitors for Urology at The Children’s Hospital of Philadelphia (“CHOP”) and also serves on the Institutional Advancement Committee at CHOP.

Thomas Pellerito

Mr. Thomas J. Pellerito is Chief Operating Officer of Hovnanian Enterprises Inc., since January 2010. Mr. Pellerito was appointed Chief Operating Officer of the Company in January 2010. Since joining the Company in connection with the Company's acquisition of Washington Homes, Inc. in 2001, Mr. Pellerito has served as a Group President overseeing homebuilding operations in certain of the Company's Mid-Atlantic and Southeast segments (excluding Florida). Before joining the Company, Mr. Pellerito was the President of homebuilding operations and Chief Operating Officer of Washington Homes, Inc.

David Valiaveedan

Mr. David G. Valiaveedan is Vice President - Finance, Treasurer of Hovnanian Enterprises, Inc. Mr. Valiaveedan joined the Company as Vice President - Finance in September 2005. In August 2008, he was named as an executive officer of the Company and, in December 2009, he was also named Treasurer. Prior to joining the Company, Mr. Valiaveedan served as Vice President - Finance for AIG Global Real Estate Investment Corp.

Brad O'Connor

Mr. Brad G. O'Connor is Chief Accounting Officer, Vice President, Corporate Controller of Hovnanian Enterprises, Inc. Mr. Pellerito was appointed Chief Operating Officer of the Company in January 2010. Since joining the Company in connection with the Company's acquisition of Washington Homes, Inc. in 2001, Mr. Pellerito has served as a Group President overseeing homebuilding operations in certain of the Company's Mid-Atlantic and Southeast segments (excluding Florida). Before joining the Company, Mr. Pellerito was the President of homebuilding operations and Chief Operating Officer of Washington Homes, Inc.

Robert Coutts

Mr. Robert B. Coutts is Independent Director of Hovnanian Enterprises, Inc., since March 2006. Mr. Coutts retired from the position of Executive Vice President of Lockheed Martin Corporation (NYSE), which he held from 2000 to 2008. Mr. Coutts was President and Chief Operating Officer of the former Electronics Sector of Lockheed Martin. He was elected an officer by the Board of Directors of Lockheed Martin in December 1996. Mr. Coutts held management positions with General Electric Corporation (NYSE) from 1972 to 1993, and was with GE Aerospace when it became part of Lockheed Martin in 1993. Mr. Coutts is the retired Chairman of Sandia Corporation, a subsidiary of Lockheed Martin Corp., and is on the Board of Directors of Stanley Black and Decker (NYSE), as well as the Pall Corporation (NYSE). Mr. Coutts is a member of the Board of Overseers, College of Engineering, Tufts University and is a Member of the Chapter of the National Cathedral. He was elected as a Director of Hovnanian Enterprises, Inc. in March 2006 and is a member of the Company’s Audit Committee and Compensation Committee.

Edward Kangas

Mr. Edward A. Kangas is Independent Director of Hovnanian Enterprises Inc., since September 2002. Mr. Kangas was the Global Chairman and Chief Executive Officer of Deloitte LLP from December 1989 to May 2000, when he retired. He also serves on the Boards of Directors of United Technologies Corp. (NYSE), Tenet Healthcare Corporation, Inc. (NYSE), Intuit, Inc. (NASDAQ) and Intelsat (NYSE). He was on the Board of Directors of AllScripts, Inc. (NASDAQ) (and, prior to its merger with AllScripts, Inc., Eclipsys Corporation (NASDAQ)) from 2004 to 2012. Mr. Kangas is the past Chairman of the Board of the National Multiple Sclerosis Society. Mr. Kangas was elected as a Director of Hovnanian Enterprises, Inc. in September 2002, is Chairman of the Company’s Audit Committee and a member of the Company’s Compensation Committee and Corporate Governance and Nominating Committee.

Joseph Marengi

Mr. Joseph A. Marengi is Independent Director of Hovnanian Enterprises, Inc., since March 2006. Mr. Marengi, from July 2007 to March 2012, served as a Venture Partner for Austin Ventures. Prior to that date, Mr. Marengi served as senior vice president for the Commercial Business Group of Dell Inc. (NASDAQ). In this role, Mr. Marengi was responsible for the Dell units serving medium business, large corporate, government, education and healthcare customers in the United States. Mr. Marengi joined Dell in July 1997 from Novell Inc. (NASDAQ), where he was president and chief operating officer. He joined Novell in 1989 and moved through successive promotions to become executive vice president of worldwide sales and field operations. Mr. Marengi also served on the Boards of Directors of Quantum Corporation (NYSE) from 2008 to 2013 and of Entorian Technologies, Inc. (formerly, the OTC Markets) from 2008 to 2012. Mr. Marengi was elected to the Board of Directors of Hovnanian Enterprises, Inc. in March 2006 and is a member of the Company’s Compensation Committee and Corporate Governance and Nominating Committee.

Vincent Pagano

Mr. Vincent Pagano Jr. is Independent director of Hovnanian Enterprises Inc. Mr. Pagano was a partner at Simpson Thacher & Bartlett LLP until his retirement at the end of 2012. He was the head of the firm’s capital markets practice from 1999 to 2012, and, before that, administrative partner of the firm from 1996 to 1999. He was a member of the firm’s executive committee during nearly all of the 1996 - 2012 period. He also serves on the Boards of Directors of Cheniere Energy Partners GP, LLC, the general partner of Cheniere Energy Partners (NYSE MKT) and L-3 Communications Holdings, Inc. (NYSE). Mr. Pagano serves on the Engineering Advisory Council of Lehigh University. Mr. Pagano was elected to the Board of Directors of Hovnanian Enterprises, Inc. in March 2013 and is the Chairman of the Company’s Corporate Governance and Nominating Committee.

Stephen Weinroth

Mr. Stephen D. Weinroth is Independent Director of Hovnanian Enterprises, Inc., since 1982. Mr. Weinroth was from 2003 to mid-2008 a Managing Member of Hudson Capital Advisors, LLC and since then he has been an advisor to Coral Reef Capital Partners, a successor firm to some of the Hudson Capital employees. He is Chairman of the Board (Emeritus) of Core Laboratories, N.V. (NYSE), a global oil field service company where he had previously been Chairman from 1994 through 2001. From l989 to 2003, he served as Co-Chairman and head of the Investment Committee of First Britannia Mezzanine, N.V., a European private investment firm. He is presently Chairman of the Central Asia Education Foundation, a successor to the Central Asian-American Enterprise Fund, to which he was appointed by the President of the United States. Mr. Weinroth has been Chairman of four NYSE-listed companies and Chief Executive of three of them. He is also a Trustee and the immediate past Chairman of The Joyce Theatre Foundation, Inc., and Vice Chairman and a Trustee of the Paul Taylor Dance Foundation as well as a Board member of the Flea Theater. Mr. Weinroth has been a Director of Hovnanian Enterprises, Inc. since 1982, is Chairman of the Company's Compensation Committee and is a member of its Audit Committee.

Jeffrey O'Keefe

Basic Compensation

Name Fiscal Year Total

Ara Hovnanian

8,863,070

J. Larry Sorsby

2,940,300

Thomas Pellerito

2,653,910

David Valiaveedan

804,506

Brad O'Connor

908,441

Robert Coutts

--

Edward Kangas

--

Joseph Marengi

--

Vincent Pagano

--

Stephen Weinroth

--

Jeffrey O'Keefe

--
As Of 30 Oct 2013

Options Compensation

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