Meritage Homes announced that its CFO Larry W. Seay is retiring on March 31, concluding a 30-year career in home building. Seay, who joined the firm in April 1996, helped pilot the company through its transition to the public markets.
Steven J. Hilton, chairman and CEO of Meritage Homes, stated, "Larry has been an exceptional contributor to the Meritage senior leadership team and was instrumental in our growth and success over the last 20 years. Speaking on behalf of our employees, board members and many partners who have known him during that time, I can say that it has been our privilege to work alongside Larry through his long and successful professional career. He will always be held in the highest regard."
Hilla Sferruzza will succeed Seay. She joined Meritage in 2006 as corporate controller in charge of the company's accounting and financial reporting functions and moved up to chief accounting officer in 2010 and senior vice president in 2013.