Meritage Homes Appoints Dennis V. Arriola to Its Board of Directors
14 Junho 2023 - 6:02PM
Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in
the U.S., today announced the appointment of Dennis V. Arriola as
an independent director to its Board of Directors, as part of its
board refreshment process. His appointment brings the Board of
Directors to a total of 12. The Board plans to consider Mr. Arriola
for appointment to one or more board committees over the course of
the next several regularly scheduled board meetings.
Mr. Arriola currently serves as an Operating
Partner at Sandbrook Capital, a private equity firm focused on
transforming energy infrastructure investments. Previously, he was
the chief executive officer of Avangrid, Inc. (NYSE: AGR), a U.S.
sustainable energy company, where he led the growth of the
utilities and renewables business groups while strengthening
investor engagement. Mr. Arriola brings to the Meritage Board
nearly 30 years of leadership experience and a deep background in
the utility and clean energy sectors, with more than 15 years
serving as an executive officer. Throughout his distinguished
business career, his positions included chief sustainability
officer, executive vice president and group president at Sempra
Energy (NYSE: SRE); chairman, president and chief executive officer
of Southern California Gas Company and chief financial officer of
solar technology company SunPower Corporation (NASDAQ: SPWR), San
Diego Gas & Electric, and Southern California Gas Company.
His public company director experience includes
ConocoPhillips (NYSE: COP) currently and Avangrid, Inc. formerly.
Mr. Arriola also currently serves on the board of the Automobile
Club of Southern California (AAA) and previously served on the
boards of Edison Electric Institute, U.S. Chamber of Commerce, the
California Latino Economic Institute, California Business
Roundtable and American Gas Association. His nonprofit board
memberships have included United Way of Greater Los Angeles, Latino
Donor Collaborative, Southern California Leadership Council, San
Diego Symphony Orchestra Association, and San Diego Foundation. Mr.
Arriola holds an MBA from Harvard University and received a
bachelor’s degree in economics from Stanford University.
“We are pleased to welcome Dennis to our Board,”
said Steven J. Hilton, executive chairman of Meritage Homes. “As a
seasoned executive, his extensive operational and financial
insights will further strengthen our Board with a diverse set of
leaders while his renewable energy background can help Meritage
effectively navigate ways to enhance the resiliency of our new
homes.”
“I am honored to join the Board of Meritage. This
top five homebuilder has successfully scaled the business while
delivering quality and energy-efficiency to its customers. I am
excited for the opportunities to further drive their commitment to
sustainability and innovation,” said Mr. Arriola.
About Meritage Homes
Corporation
Meritage Homes is the fifth-largest public
homebuilder in the United States, based on homes closed in 2022.
The Company offers energy-efficient and affordable entry-level and
first move-up homes. Operations span across Arizona, California,
Colorado, Texas, Florida, Georgia, North Carolina, South Carolina
and Tennessee.
Meritage Homes has delivered over 165,000 homes in
its 37-year history, and has a reputation for its distinctive
style, quality construction, and award-winning customer experience.
The Company is an industry leader in energy-efficient homebuilding,
a ten-time recipient of the U.S. Environmental Protection Agency’s
("EPA") ENERGY STAR® Partner of the Year for Sustained Excellence
Award since 2013 for innovation and industry leadership in
energy-efficient homebuilding, and the recipient of the EPA's 2023
Market Leader Award for Certified Homes as well as the EPA's 2022
Indoor airPLUS Leader Award.
For more information, visit
www.meritagehomes.com.
Contacts: |
Emily Tadano,
VP Investor Relations and ESG |
|
(480) 515-8979 (office) |
|
investors@meritagehomes.com |
|
|
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/871dceca-6872-405b-9baa-39e01e01450d
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