D.R. Horton announced the promotion of Paul J. Romanowski to president and CEO and his appointment to the company’s board of directors, both effective Oct. 1.
At that time, David V. Auld will transition from his current role as president and CEO to executive vice chair of the board of directors. Michael J. Murray will continue to serve as chief operating officer (COO).
“David is a genuine, trusted leader and has been an invaluable member of the company’s management for 35 years,” says Donald R. Horton, chairman of the board. “We are grateful for his outstanding leadership during his tenure as CEO, during which the company has achieved tremendous growth and improvements in operational efficiency and returns. Most importantly, David’s leadership has helped us strengthen the company’s culture and development of the future leaders of D.R. Horton. I look forward to continuing to work directly with David in his new role as executive vice chair.”
Auld has been the company's president and CEO since October 2014 and has led the builder to significant growth in revenues, market share, earnings, cash flow generation, and returns to shareholders, while substantially increasing its financial strength and flexibility.
"I am humbled and privileged to have helped lead the largest home building company in the United States, and I look forward to continuing to work with the D.R. Horton executive team and board of directors in my new role as executive vice chair," says Auld. "I congratulate Paul on his well-deserved promotion to CEO and am extremely grateful for Mike’s important contributions as a key part of our management team in his ongoing role as COO. With strong partnership and leadership from Paul and Mike, in addition to our longtime chief financial officer Bill Wheat, the company is well positioned for continued success.”
Romanowski was named co-COO in October 2021 with shared oversight of the company’s home building operations nationwide and previously served as region president overseeing all D.R. Horton home building divisions in Florida, the Gulf Coast, and five Mid-Atlantic states.
“Paul has been an integral member of our D.R. Horton management team for more than 20 years,” adds Horton. “His outstanding performance as a division and region president and most recently as co-COO has prepared him for this opportunity. Paul is an effective leader and mentor who will help our company continue to scale and sustain its position as the leading home builder in the United States.”