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PulteGroup Announces Executive Promotions

BLOOMFIELD HILLS, Mich., April 24, 2014 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today that Ryan R. Marshall has been named Executive Vice President of Homebuilding Operations and that Harmon D. Smith has been named Executive Vice President of Field Operations.  Messrs. Smith and Marshall will both report to Richard J. Dugas, Jr., President, Chairman and Chief Executive Officer of PulteGroup.

As PulteGroup continues to pursue near and long-term operating and financial initiatives to advance its Value Creation strategy, Messrs. Marshall and Smith will provide leadership vital to the sustained advancement of these activities. In his new role, Mr. Smith will have responsibility over PulteGroup's field operations and will focus on driving greater operating and financial performance.  Mr. Marshall will be responsible for developing PulteGroup's expertise across the Company's marketing, sales and homebuilding operations including the Company's "consumer inspired" approach to the business.    

"PulteGroup continues to pursue its Value Creation strategy which has been instrumental in raising our financial and operating results over the past three years to be among the the best in the industry," said Dugas.  "In naming Ryan and Harmon to these positions, we are recognizing their leadership in this work, as well as aligning additional resources to advance the initiatives supporting Value Creation.  I look forward to working closely with Harmon and Ryan, and for the organization to further benefit from their leadership and contributions." 

During his 25 years with PulteGroup, Harmon Smith has progressed through a series of leadership positions, most recently serving as Executive Vice President, Homebuilding Operations and Texas Area President.  In previous roles, he has served as Area President for the Company's Great Lakes, Gulf Coast and Texas Areas and was Division President for the DiVosta Division in South Florida. Mr. Smith received a Bachelor of Business Administration in accounting from Stephen F. Austin State University and a Masters of Business Administration from The University of Texas at Austin.

For more than 13 years, Ryan Marshall has overseen various financial and operating functions within PulteGroup, with responsibilities that included financial reporting, land acquisition, and strategic market risk and opportunity analysis.  Most recently he was Area President for the Company's Southeast Area.  Prior to that Mr. Marshall's roles included  Area President for Florida, Division President in both South Florida and Orlando, and Area Vice President of Finance.  Mr. Marshall received a Bachelor of Arts in accounting from the University of Utah and a Master of Business Administration from Arizona State University.

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