WASHINGTON (dpa-AFX) - William J. Pulte, the founder and largest shareholder of PulteGroup, Inc. (PHM), with ownership of about 8.9% of the Company's outstanding shares, announced that he has issued a letter to PulteGroup's Board of Directors detailing his views on the necessary skills a viable CEO candidate should possess, which include Public company CEO experience in the homebuilding sector or at least 25 years of homebuilding and land experience; Land acquisition and management in multiple homebuilding operations in multiple U.S. markets; Senior level management experience in recessionary environments; and Be a consensus builder who has a track record of building effective senior leadership teams.
William Pulte said he is encouraged that the Board of Directors has agreed that the selection process for PulteGroup's next CEO is of paramount importance and urgency and has sought his input as the special committee of the Board conducts the process.
William Pulte believes including shareholders' views in this process is critical and he is confident that with the proper search process, a world-class leader can be recruited to succeed Richard Dugas and restore value for the benefit of all of the Company's shareholders.
William Pulte said, ' Given the urgency and gravity of the decision, it is my hope that the Board will provide PulteGroup shareholders with tangible results of a comprehensive and independent search process no later than July 31, 2016. Time is of the essence and it is imperative that the Company, its shareholders and its employees not be left in suspense regarding PulteGroup's leadership.'
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