Pultegroup Announces Brandon Jones, Senior Vice President – Field Operations, to Leave the Company

Rhea-AI Summary

PulteGroup, Inc. (NYSE: PHM) has terminated Senior VP Brandon Jones due to violations of the Company’s Code of Ethical Business Conduct. His departure is effective immediately following an independent investigation. PulteGroup President Ryan Marshall will take on Jones’ responsibilities temporarily. PulteGroup, based in Atlanta, is a leading homebuilder operating in over 40 markets, offering diverse brands like Pulte Homes and Centex. This incident reflects the company’s commitment to ethical practices.

Positive

• PulteGroup's President, Ryan Marshall, will manage operations during the transition, indicating strong internal leadership.

Negative

• Brandon Jones' termination could indicate potential internal issues with company leadership and ethics.

ATLANTA--(BUSINESS WIRE)-- PulteGroup, Inc. (NYSE: PHM), the nation’s third largest homebuilder, announced today that Brandon Jones, Senior Vice President - Field Operations, has been terminated and will leave the Company effective immediately.

Mr. Jones’ departure follows an independent investigation that determined he had violated the Company’s Code of Ethical Business Conduct.

PulteGroup President and Chief Executive Officer Ryan Marshall will assume Mr. Jones’ responsibilities on an interim basis.

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of America’s largest homebuilding companies with operations in more than 40 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup’s purpose is building incredible places where people can live their dreams.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221216005218/en/

Jim Zeumer

404-978-6434

jim.zeumer@pultegroup.com

Source: PulteGroup, Inc.

FAQ

Why was Brandon Jones terminated from PulteGroup (PHM)?

Brandon Jones was terminated for violating PulteGroup's Code of Ethical Business Conduct following an independent investigation.

Who will take over Brandon Jones' responsibilities at PulteGroup?

Ryan Marshall, the President and CEO of PulteGroup, will assume Brandon Jones' responsibilities on an interim basis.

What is the significance of Brandon Jones' departure for PulteGroup (PHM)?

Brandon Jones' departure highlights the company's commitment to ethical conduct, but may raise concerns about internal management issues.

What does PulteGroup (PHM) specialize in?

PulteGroup is one of the largest homebuilders in the U.S., with operations in over 40 markets and multiple brands including Pulte Homes and Centex.