F.N.E. Holdings, LLC, Irvine, Calif.,parent of the Fieldstone Group of Companies, on August 10 named C. Alan Arthur president and COO, succeeding Chad Ogden.

Arthur had been exec vp and CFO since 2007 and had been running the Utah and Texas home building divisions for the past two years. Earlier this year, Fieldstone said it would exit Texas. Ogden, who lives in Texas, chose retirement over moving, according to a Fieldstone spokesperson.

"Alan has served in a variety of senior management roles during his 20-year career with Fieldstone, and has managed almost every area of residential development during both strong and challenging market conditions," said William H. McFarland, FNE CEO. "We are fortunate to have Alan's kind of business experience and expertise, as well as his high personal values and other positive individual qualities, and I am looking forward to him taking charge of the overall operational responsibilities for Fieldstone."

"I know I speak for the entire board in sharing that we believe Alan's broad base of experience in both financial and operational management roles, his negotiating and deal-structuring skills and his other experience and talents are a perfect fit for the needs of Fieldstone today," said Peter Ochs, co-founder and chairman of the board of FNE.

"I am very honored and excited to be appointed to the position of President of Fieldstone. As I have assumed additional roles and responsibilities in recent years, during which both Fieldstone and the homebuilding industry have faced many challenges, it has become my passion to successfully manage Fieldstone through these difficult economic times and into a prosperous future," said Arthur.

Prior to joining Fieldstone, Arthur was an audit manager and consultant with Price Waterhouse and Kenneth Leventhal & Co.

Fieldstone and its affiliates are a private home builder that has acquired, managed and developed communities in Southern California, Texas and Utah ranging in size from small subdivisions to large master planned communities. Since its founding in 1981,Fieldstone has completed the construction and sale of more than 26,000 attached and detached homes with revenues totaling approximately $6.7 billion.

Learn more about markets featured in this article: Ogden, UT.