Meritage Homes expands board, adds former PG&E CEO

Published 06/01/2025, 15:14
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SCOTTSDALE, Ariz. - Meritage (NYSE:MTH) Homes Corporation (NYSE:MTH), a leading U.S. homebuilder with a market capitalization of $318.59 billion, has appointed Geisha Williams as an independent director to its Board of Directors, effective immediately. With this addition, the company’s board expands to 12 members, underscoring its commitment to board refreshment and diversity. According to InvestingPro analysis, the company maintains strong financial health with a perfect Piotroski Score of 9, indicating robust operational efficiency.

Williams, who has over 30 years of experience in the energy sector, served as the President and CEO of PG&E Corporation, where she was a proponent of renewable energy, grid modernization, and smart grid technologies. Her historic role as the first Latina CEO of a Fortune 200 company has earned her recognition as a trailblazing leader in business.

Her career began at Florida Power & Light Company in 1983, and she currently holds director positions at Siemens Energy AG (ETR:ENR1n) (XTRA:ENR) and is involved with Artera Services and Osmose Utilities Services, where she is the Chairperson.

Steven J. Hilton, executive chairman of Meritage Homes, expressed enthusiasm for Williams’s appointment, noting the value of her extensive operational leadership and the board’s increased diversity through recent director appointments.

Williams herself expressed honor at joining the Meritage Board and anticipates contributing her energy and infrastructure insights to the company’s governance.

Meritage Homes, recognized for its energy-efficient and affordable homes, has delivered over 190,000 homes in its 38-year history. With current annual revenue of $37.19 billion and earnings per share of $6.16, the company demonstrates strong financial performance alongside its environmental commitments. The company has received multiple accolades, including eleven ENERGY STAR Partner of the Year for Sustained Excellence Awards and four Indoor airPLUS Leader Awards from the U.S. Environmental Protection Agency (EPA).

The information in this article is based on a press release statement from Meritage Homes Corporation.

In other recent news, Salesforce (NYSE:CRM) reported a 4% increase in U.S. online holiday sales, reaching $282 billion and surpassing previous estimates. Despite this, a significant surge in merchandise returns was noted, with $122 billion worth of goods returned, a 28% increase from the previous year. Analysts from Piper Sandler and Wedbush Securities maintained their positive outlook on Salesforce, citing the company’s ability to leverage artificial intelligence (AI) trends and its potential for growth.

However, Guggenheim analysts downgraded Salesforce from Neutral to Sell, citing concerns about the company’s growth prospects. Despite this, Truist Securities maintained a Buy rating, following their attendance at the CRM’s Agentforce World Tour event.

Salesforce’s AI product, Agentforce 2.0, is expected to capitalize on the projected $7 trillion digital labor market and is set to be fully available in February 2025. The company’s financial health remains strong, with impressive gross profit margins of 76.94%. These are recent developments that highlight Salesforce’s continued efforts to innovate and expand its product offerings in the AI sector.

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