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08

Homebuilder PulteGroup Names CEO to Replace Richard Dugas

By Tony Seruga

Ryan Marshall, company’s president, will take over immediately
Founder Bill Pulte’s grandson appointed as a director

PulteGroup Inc. said its president, Ryan Marshall, will take over immediately as chief executive officer, ending a months-long campaign by the U.S. homebuilder’s founder for a change in leadership.

Marshall will replace Richard Dugas, who will remain as executive chairman of the board until the company’s 2017 shareholder meeting, according to a statement Thursday. Dugas in April announced plans to retire next year, after Bill Pulte, the company’s founder and largest shareholder, began pressing for an immediate change in direction…

Homebuilder PulteGroup Names CEO to Replace Richard Dugas

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