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PR Newswire
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Orleans Homebuilders Announces Appointment of New Vice President and Controller


BENSALEM, Pa., Aug. 17 /PRNewswire-FirstCall/ -- Orleans Homebuilders, Inc. announced today the appointment of Mark D. Weaver as Vice President and Controller of the Company.

Mr. Weaver was previously Vice President and Corporate Controller of Agere Systems Inc., a $1.6 billion global semiconductor manufacturer with operations throughout North America, Europe and Asia. Mr. Weaver joined Agere in 2001 and served as Director of Accounting Policy and External Reporting before becoming Vice President and Corporate Controller. Prior to working at Agere, Mr. Weaver served 18 years in a variety of financial reporting, budgeting and finance positions at Nabisco, Inc. until it was acquired by Kraft Foods Inc.

Mr. Weaver is a Certified Public Accountant and earned a Masters of Business Administration from Fairleigh Dickinson University. He also has a Bachelor of Science in Accounting from Kings College.

Garry P. Herdler, Executive Vice President and Chief Financial Officer, said "we are delighted to have Mark join our finance and accounting team. His strong financial reporting, planning and manufacturing experience will contribute greatly to our team at Orleans Homebuilders."

About Orleans Homebuilders, Inc.

Orleans Homebuilders, Inc. develops, builds and markets high- quality single-family homes, townhouses and condominiums. The Company serves a broad customer base including luxury, move-up, empty nester, active adult, and first-time homebuyers. The Company currently operates in the following 14 distinct markets in nine states: Southeastern Pennsylvania; Central and Southern New Jersey; Orange County, New York; Charlotte, Raleigh and Greensboro, North Carolina; Richmond and Tidewater, Virginia; Chicago, Illinois; Orlando and Palm Coast, Florida; and Phoenix, Arizona. The Company's Charlotte, North Carolina operations also include adjacent counties in South Carolina. To learn more about Orleans Homebuilders, please visit http://www.orleanshomes.com/.
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