D.R. Horton Appoints Insider Paul Romanowski as New CEO – C-Suite Transitions

Contrary to what most people expected when the Fed started rapidly increasing interest rates, a surge in house prices is captivating homeowners, investors, and analysts alike. Zillow anticipates a 6.5% increase in home values from July 2023 to July 2024, even in the face of ongoing affordability challenges.

Similarly, Freddie Mac predicts a 0.8% increase in prices from August 2023 to August 2024, with an additional 0.9% gain in the subsequent 12 months. According to Freddie Mac, part of the rebound in prices is based on a “large cohort of Millennial first-time homebuyers reaching prime home-buying age.”

Given these rather strange dynamics we are experiencing in the housing market, we decided to focus on a home builder for this week’s C-Suite Transitions article.

Welcome to edition 60 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

Sudden Departures

1. TCBX: On September 25, 2023, Third Coast Bancshares Chief Operating Officer Michael Deckert resigned effective September 22, 2023.
2. SCVL: On September 25, 2023, Shoe Carnival Chief Financial Officer Erik Gast mutually agreed with the company that Mr. Gast would leave the company to pursue other opportunities, effective September 25, 2023.
3. SQFT: On September 22, 2023, Presidio Property Trust Chief Financial Officer Adam Sragovicz resigned effective immediately.

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