Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, announced that Larry W. Seay, executive vice president and chief financial officer, will retire on March 31, 2016, concluding a 30-year career in homebuilding. Mr. Seay will be succeeded by Hilla Sferruzza, Meritage’s current senior vice president and chief accounting officer, effective April 1, 2016.
Seay joined Meritage Homes as chief financial officer in April 1996 and has served continuously in that role for the last twenty years. In his first year with Meritage, he led its transition to becoming a publicly-traded company and was appointed executive vice president in October 2005.
Steven J. Hilton, chairman and CEO of Meritage Homes, stated, “Larry has been an exceptional contributor to the Meritage senior leadership team and was instrumental in our growth and success over the last 20 years. Speaking on behalf of our employees, board members and many partners who have known him during that time, I can say that it has been our privilege to work alongside Larry through his long and successful professional career. He will always be held in the highest regard.”