Green Brick Partners, Inc. Appoints Elizabeth K. Blake as Lead Independent Director

Rhea-AI Summary

Green Brick Partners (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest growing companies in 2023, has appointed Elizabeth K. Blake as lead independent director. Blake, who has served as an independent director since 2014, is a member of the Board's Governance and Sustainability Committee and Compensation Committee.

Blake brings extensive executive experience, having previously served in leadership roles at US Airways Group, Trizec Properties, General Electric Power Systems, Cinergy Corp, and Habitat For Humanity International. She also had a distinguished legal career at Frost & Jacobs and Davis Polk & Wardwell.

Positive

• Appointment strengthens corporate governance with experienced lead independent director
• Director has extensive executive experience across major corporations
• Company recognized as Fortune Magazine's fastest growing public homebuilder in 2023
• Maintains position as third largest homebuilder in Dallas-Fort Worth market

Negative

• None.

PLANO, Texas--(BUSINESS WIRE)-- Green Brick Partners, Inc. (NYSE: GRBK) (“Green Brick” or the “Company”), the third largest homebuilder in Dallas-Fort Worth, and one of Fortune Magazine’s fastest growing companies in 2023 and its fastest growing public homebuilder, today announced that Elizabeth K. Blake has been appointed as lead independent director.

Ms. Blake has served as an independent director on the Company’s Board since 2014 and serves on the Board’s Governance and Sustainability Committee and Compensation Committee.

“Liz has been a valuable asset for myself and Green Brick’s board and our management team since Green Brick’s beginning,” said Jim Brickman, Green Brick’s CEO and co-founder. “Her experience, expertise, judgment, and keen insights make it obvious as to why the Board unanimously decided that Liz was the right choice to be the lead independent director.”

Among other experience, Ms. Blake previously served as Executive Vice President-- Corporate Affairs, General Counsel and Corporate Secretary for US Airways Group, Inc., Senior Vice President and General Counsel of Trizec Properties, Inc., Vice President and General Counsel of General Electric Power Systems, Vice President and Chief of Staff of Cinergy Corp, and Senior Vice President — Advocacy, Government Affairs & General Counsel of Habitat For Humanity International Inc. She also had a distinguished career as an attorney at the law firms of Frost & Jacobs and Davis Polk & Wardwell.

“I am proud of Green Brick’s continuing commitment to excellence, whether it is in its strategy, operations, or in providing value to its shareholders,” said Ms. Blake. “I believe the appointment of a lead independent director is another reflection of the Company’s on-going commitment to best practices, including with respect to corporate governance. I am honored that my fellow directors entrusted me with this role.”

About Green Brick Partners, Inc.

Green Brick Partners, Inc (NYSE: GRBK), the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates through its seven subsidiary homebuilders in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also retains interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and Green Brick Insurance. Green Brick is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. For more information about Green Brick Partners Inc.’s subsidiary homebuilders, please visit greenbrickpartners.com/brands-services/

View source version on businesswire.com: https://www.businesswire.com/news/home/20241205604659/en/

Benting Hu

Vice President of Finance

469-573-6755

IR@greenbrickpartners.com

Source: Green Brick Partners, Inc.

FAQ

Who is the new lead independent director of Green Brick Partners (GRBK)?

Elizabeth K. Blake has been appointed as lead independent director of Green Brick Partners.

How long has Elizabeth Blake served on Green Brick Partners' (GRBK) board?

Elizabeth Blake has served as an independent director on Green Brick Partners' board since 2014.

What committees does Elizabeth Blake serve on at Green Brick Partners (GRBK)?

Elizabeth Blake serves on the Board's Governance and Sustainability Committee and Compensation Committee.

What is Green Brick Partners' (GRBK) market position in Dallas-Fort Worth?

Green Brick Partners is the third largest homebuilder in the Dallas-Fort Worth market.