PulteGroup, Inc. (NYSE: PHM) has announced the retirement of Bob O'Shaughnessy, the company's Executive Vice President and Chief Financial Officer, at the end of 2025. Jim Ossowski, currently the Senior Vice President of Finance, will succeed O'Shaughnessy as CFO.
O'Shaughnessy, who joined the company in 2011, will continue to serve as PulteGroup CFO through year-end and will oversee the company's financial services business, strategic partnerships, and its asset management committee through 2025.
Ossowski, who has been with PulteGroup for 22 years, will take on the role of Executive Vice President and Chief Financial Officer in February 2025. He will report directly to PulteGroup President and CEO Ryan Marshall and will be responsible for the company's accounting, tax, audit, risk management, and treasury functions.
Under his current role, Ossowski manages all finance and accounting activities for PulteGroup's $16 billion homebuilding operations, including leading the company's asset management committee, which reviews and approves all land transactions, and its risk management and financial planning and analysis functions.
This transition in leadership comes as part of PulteGroup's long-term succession planning process, with Marshall expressing confidence in Ossowski's ability to advance the company's growth and track record of financial success.
These changes in leadership mark a significant shift for PulteGroup as it prepares for the future and aims to build on its financial successes under new leadership. Today the company's shares have moved 0.6% to a price of $125.52. For more information, read the company's full 8-K submission here.