Meritage Homes Corporation (NYSE: MTH) has announced the retirement of board director Raymond Oppel, effective May 16, 2024. Oppel, who joined the company's board in 1997, has served in various capacities, including chairing the executive compensation committee and being a member of the executive compensation and land committees. His retirement marks the end of an impressive 27 years of service to the company.
As of 2023, Meritage Homes is the fifth-largest public homebuilder in the United States, with operations spanning across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company takes pride in delivering over 175,000 homes in its 38-year history and is renowned for offering affordable, energy-efficient entry-level and first move-up homes.
The company has been recognized for its commitment to energy-efficient homebuilding, having received the U.S. Environmental Protection Agency's (EPA) Energy Star® Partner of the Year for Sustained Excellence Award ten times and the Energy Star® Residential New Construction Market Leader Award ten times. Additionally, Meritage Homes has been honored with the EPA's 2023 Indoor airPLUS Leader Award three times.
This news comes at a time when Meritage Homes is positioned as a significant player in the homebuilding industry, reflecting its continued commitment to quality construction and customer experience. Today the company's shares have moved 0.6% to a price of $155.37. Check out the company's full 8-K submission here.
