The Bensalem, Pa.-based company has new owners, new management, and less debt. More
Longtime Orleans Homebuilders CEO Jeffrey P. Orleans is leaving the company founded by his grandfather. A bankruptcy judge approved Monday a separation and settlement agreement negotiated with Orleans as the company has been working its way out of bankruptcy. Under the agreement, Orleans agreed to resign his position as chairman of the board, chief executive officer, and president in return for a $700,000 lump sum payment. More
Jeffrey P. Orleans, grandson of the company's founder, has agreed to resign from the company, which is being reorganized in bankruptcy. More
Orleans Homebuilders, Inc. has struck a separation and settlement agreement with the company's long-time CEO Jeffrey P. Orleans. The Bensalem, Pa-based builder, which has been under Chapter 11 bankruptcy protection since March 1, has asked the bankruptcy court judge to approve an agreement that would have Orleans resign from his position as chairman of the board, chief executive officer and president in return for a $700,000 lump sum payment, according to the agreement, which was filed in the U.S. Bankruptcy Court's Delaware District on Thursday, Oct. 14. More
Garry Herdler's last day at the company, which is being sold, is April 23. More
Jeffrey P. Orleans, chairman and CEO of Orleans Homebuilders, didn't sugarcoat the state of the housing market during a press conference with analysts this morning... More
Orleans Homebuilders is reporting a fourth-quarter loss (period ending June 30) of $11.3 million, but CEO Jeffrey P. Orleans remains positive that the Bensalem, Pa.-based company will navigate itself through this rough period. More
Russian immigrant A.P. Orleans started Orleans Homebuilders in 1918 and eked the... More
