SCOTTSDALE, Ariz. - Meritage (NYSE:MTH) Homes Corporation (NYSE: MTH), a leading public homebuilder in the United States, announced today that Raymond Oppel, a long-standing board director, will retire and not seek re-election at the upcoming annual shareholders meeting. Oppel's departure is set to take effect on May 16, 2024.
Raymond Oppel has been part of the Meritage Homes Board since 1997, contributing significantly to the company's governance and strategic direction. During his tenure, he has served as chair of the Executive Compensation Committee and is a member of the Land Committees.
Steven J. Hilton, the executive chairman of Meritage Homes, expressed his gratitude for Oppel's dedication and impact on the company. "As one of our inaugural directors, Meritage has benefited invaluably from his real estate and business acumen," Hilton remarked, acknowledging Oppel's 27 years of service.
Meritage Homes, established 38 years ago, has built a reputation for constructing affordable, energy-efficient homes tailored for entry-level and first move-up buyers. With operations extending through several states, including Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee, the company has delivered over 175,000 homes.
The company is also recognized for its commitment to energy-efficient building practices. It has been honored ten times with the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and has received the ENERGY STAR® Residential New Construction Market Leader Award. Additionally, Meritage Homes has been a three-time recipient of the EPA's 2023 Indoor airPLUS Leader Award.
This announcement is based on a press release statement from Meritage Homes Corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.