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NVR, Inc. Announces Retirement Of CFO And Names Successor

RESTON, Va., Feb. 19, 2013 /PRNewswire/ -- NVR, Inc. (NYSE: NVR) announced that Dennis M. Seremet has retired effective February 19, 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.

Paul Saville, 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 February 20, 2013.  Mr. Malzahn has been with NVR since 1994, most recently as Vice President of Business Planning and Investor Relations.

About NVR

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 Washington, D.C.  For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com, www.foxridgehomes.com, and www.heartlandcustomhomes.com.

SOURCE NVR, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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