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Kevin Kelly named NAHB chairman of the board

BY HBSDEALER Staff

 

Kevin Kelly, a Delaware builder and developer, has taken the helm as National Association of Home Builders’ chairman of the board.

Kelly is president of Leon N. Weiner & Associates, Inc., and became actively involved with the Home Builders Association of Delaware when he joined the company in 1979. His building experience includes land development, multifamily and single-family home building, with an emphasis on affordable housing.

“Our focus this year will be to ensure that the housing market continues to strengthen,” said Kelly. “We will fight to protect the mortgage interest deduction, the Low Income Housing Tax Credit and other vital housing tax provisions. We will work with the Administration and members of Congress in a bipartisan manner to enact meaningful housing finance reform that includes a federal backstop to ensure sufficient mortgage liquidity for homeownership and rental housing opportunities. On the regulatory side, we will oppose unnecessary and burdensome regulations that harm home builders and consumers and seek major reforms in appraisal practices to ensure that appraisals accurately reflect true market values.”

Kelly was congratulated by Delaware Governor Jack Markell. “His commitment to affordable housing has made a difference for people in Delaware and his experience will serve him well as chairman of NAHB,” Markell said. “I congratulate him on this honor.”

 

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h.h. gregg COO Gregg Throgmartin resigns

BY HBSDEALER Staff

Appliance and electronics retailer h.h. gregg announced Tuesday that its EVP and COO, Gregg Throgmartin, has tendered his resignation.

"I would like to thank Gregg for his leadership and many contributions to hhgregg over the past 13 years," said president and CEO Dennis May. "Gregg has been an instrumental member of our leadership team and helped support the growth of the Company’s store base as we work toward becoming a national retailer."

Effective March 31, Throgmartin will leave the company to pursue outside interests and manage family businesses.

“I want to thank h.h. gregg for everything the company has meant to both my life and career," said Throgmartin. "I believe that the company is in great hands and that the strategic initiatives the company is embarking on will continue to make the company prosperous. I wish the company the best in its future endeavors.”

The company’s board is currently searching for a replacement. In the meantime, other operations officers will fulfill his responsibilities.

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HCN Stock Watch: Upswing for SHLD

BY HBSDEALER Staff

Sears Holdings (SHLD) got a nice boost of 8.40% on Tuesday, with the majority of HCN stocks enjoying the upward tailwinds.

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