Feb. 19, 2013
/PRNewswire/ -- NVR, Inc. (NYSE: NVR) announced that
Dennis M. Seremet
has retired effective
, 2013. Mr. Seremet's intention to retire was initially announced in May 2012. Mr. Seremet has been employed by NVR since 1988 and has served as the Chief Financial Officer since 2005.
, President and Chief Executive Officer, said, "Denny has been a key member of NVR's management team over the last 25 years. He played a critical role as NVR successfully navigated through the recent housing downturn. We wish him well in his retirement."
Daniel D. Malzahn
will assume the role of Chief Financial Officer effective
, 2013. Mr. Malzahn has been with NVR since 1994, most recently as Vice President of Business Planning and Investor Relations.
NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding unit sells and builds homes under the Ryan Homes, NVHomes, Fox Ridge Homes and Heartland Homes trade names, and operates in twenty-seven metropolitan areas in fifteen states and
, D.C. For more information about NVR, Inc. and its brands, see
SOURCE NVR, Inc.