D.R. Horton, Inc.'s vice chairman, president and CEO Donald Tomnitz has officially retired, having been succeeded by David Auld on Oct. 1.
Auld was previously serving as EVP and COO and has now taken on the formal title of president and CEO. He has been with the company since 1988, initially joining the team as division president, Orlando. He was promoted to region president for Florida and the Carolinas in 2005, and he was tapped to serve in his most recent role last November.