|Michael C. Cortney|
Chairman of the Board of Directors
Mr. Cortney assumed the Chairman position immediately following the completion of the company’s initial public offering. Mr. Cortney is a former President and member of the board of directors of Standard Pacific Corp., a large publicly-traded national homebuilder. Mr. Cortney joined Standard Pacific in 1982 and held various positions until he retired in 2006, including serving as a member of Standard Pacific’s board from 2000 to 2006 and its President from 2001 to 2006. Mr. Cortney was also an executive vice president of Standard Pacific from 1997 to 2001 and oversaw the company’s expansion into several new markets. As President and a member of the board of Standard Pacific, Mr. Cortney had numerous responsibilities, including oversight of Standard Pacific’s operations in Northern California, Florida, North Carolina and South Carolina. He also participated in Standard Pacific’s acquisition of numerous homebuilders, including UDC Communities, a company operating in Phoenix, Arizona, DUC Development, a company operating in the San Francisco Bay area of California, and Westfield Homes, a company operating in Tampa, Florida,North Carolina and South Carolina. During his tenure, Standard Pacific grew to become one of the largest homebuilders in the United States. Prior to joining Standard Pacific in 1982, Mr. Cortney was employed by the Irvine Company as a project engineer and project manager in Orange County, California. Mr. Cortney is a member of the board of directors and the treasurer of the California Homebuilder Foundation, which manages scholarships and industry research grants.
Mr. Cortney was commissioned as an officer in the Civil Engineering Corps of the U.S. Navy, where he attained the rank of Commander in the U.S. Navy Reserves. Mr. Cortney received a B.S. in Civil Engineering from the University of New Mexico.