Meritage Homes (NYSE: MTH) late Friday announced that one of the company’s long-standing directors, Richard T. Burke, retired from his position as of July 12, 2019.
Burke has been a director for Meritage Homes since September 2004 and has served as a director for a number of other companies, both public and private. He retired in 2018 from the position of chairman of UnitedHealth Group and remains on its board as lead director.
“As the chairman and CEO of a multi-billion dollar public company, Richard’s experience provided our board with outstanding corporate governance and financial insight,” said Steven J. Hilton, chairman and CEO of Meritage Homes. “We are grateful for his service to Meritage over the last fifteen years.”
As part of its routine succession planning, the board will be evaluating its current size and reviewing options and possible candidates for Burke’s seat.