Arlington-based home construction company D.R. Horton Inc. is set to undergo a leadership changeup at the start of October.
D.R. Horton — America’s largest homebuilder — has named Paul Romanowski as the company’s newest president and CEO, according to a recent announcement. Romanowski will replace David Auld, who will transition from CEO to executive vice chair of the D.R. Horton Board of Directors, effective October 1.
During his tenure with the company, Auld helped D.R. Horton achieve significant revenue growth, cash flow generation, and returns to shareholders, among other financial accomplishments.
“David is a genuine, trusted leader and has been an invaluable member of the Company’s management for 35 years,” Board Chairman Donald R. Horton said.
“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,” he explained. “I look forward to continuing to work directly with David in his new role as Executive Vice Chair.”
By promoting team members like Auld and Romanowski from within, D.R. Horton demonstrates the strength and depth of its leadership team, the company said.
“I am excited to lead D.R. Horton, and I thank D.R. and David for their leadership, guidance, and support over the years, all of which will benefit me in this new role,” said Romanowski. “I look forward to working with the entire D.R. Horton team to continue building upon our strong operating platform and take advantage of the extensive market opportunities ahead of us.”
According to the company’s chair, Romanowski has been an integral member of D.R. Horton for more than 20 years. Since becoming co-COO in 2014, Romanowski has overseen the company’s homebuilding operations in Florida, the Gulf Coast, and five Mid-Atlantic states.
With experience as a division and region president and most recently as co-COO, Horton said there is no one better prepared to lead the company than Romanowski.
“Paul is an effective leader and mentor who will help our company continue to scale and sustain its position as the leading homebuilder in the United States,” Horton said.
As part of the leadership transition, Michael Murray, who has served as Horton’s chief operating officer since 2014, will continue serving in that role.