D.R. Horton, Inc. Names Paul J. Romanowski as President and CEO and David V. Auld as Executive Vice Chair

D.R. Horton, Inc. (NYSE:DHI), America’s Builder, today announced the promotion of Paul J. Romanowski to President and Chief Executive Officer (CEO) and his appointment to the Company’s Board of Directors, both which will be effective October 1, 2023. At that time, David V. Auld will transition from his current role as President and CEO to Executive Vice Chair of the Company’s Board of Directors. Michael J. Murray will continue to serve as Chief Operating Officer (COO) for the Company.

Auld has been the Company's President and CEO since October 2014 and has led the Company to significant growth in revenues, market share, earnings, cash flow generation and returns to shareholders, while substantially increasing the company’s financial strength and flexibility. Romanowski was named Co-COO in October 2021 with shared oversight of the company’s homebuilding operations nationwide and previously served as Region President overseeing all D.R. Horton homebuilding divisions in Florida, the Gulf Coast and five Mid-Atlantic states. Murray has held the role of COO since October 2014 and has been vital to the successful expansion, improvement and diversification of D.R. Horton’s operations during his tenure.

Donald R. Horton, Chairman of the Board, said, “David is a genuine, trusted leader and has been an invaluable member of the Company’s management for 35 years. We are grateful for his outstanding leadership during his tenure as CEO, during which the Company has achieved tremendous growth and improvements in operational efficiency and returns. Most importantly, David’s leadership has helped us strengthen the Company’s culture and development of the future leaders of D.R. Horton. I look forward to continuing to work directly with David in his new role as Executive Vice Chair.”

“Paul has been an integral member of our D.R. Horton management team for more than 20 years,” continued Horton. “His outstanding performance as a division and region president and most recently as Co-COO has prepared him for this opportunity. Paul is an effective leader and mentor who will help our Company continue to scale and sustain its position as the leading homebuilder in the United States. These internal promotions and transitions demonstrate the strength and depth of D.R. Horton’s leadership team, and we are excited about our opportunities ahead.”