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Schottenstein joins board at Installed Building Products

BY HBSDEALER Staff

Installed Building Products, Inc., a Columbus, Ohio-based residential installer of insulation products, has named Robert Schottenstein to its board of directors.

“I am extremely pleased to welcome Robert to our Board,” stated Jeff Edwards, chairman and CEO of IBP. "As chairman and chief executive officer of a leading publicly traded homebuilder, Robert brings a wealth of experience to IBP, particularly related to residential construction markets and corporate management, and complements the significant expertise and depth of our current board members.”

The current chairman, CEO and president of M/I Homes, Inc., Schottenstein has over 35 years of real estate experience. He has been with M/I Homes since 1990 and was a private law practitioner before then, specializing in commercial real estate, corporate and banking transactions.

He also currently serves as a trustee of The Ohio State University, chairman of the Ohio State University Board and a board member of The Children’s Hospital Foundation. He serves on the Policy Advisory Board of Harvard University’s Joint Center for Housing Studies, the Pelotonia Board, and is a member of The Columbus Partnership.

He received a Central Ohio Building Industry Association "Builder of the Year" Award in 2002, and was named "Executive of the Year" for the homebuilding industry by Builder Magazine in 2008.

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Beazer Homes names treasurer

BY HBSDEALER Staff

Beazer Homes USA, Inc. has named Christopher Grumboski VP and treasurer. In his new role, he will be take charge of all treasury-related functions, including cash management, lender and land-banking relations and debt capital markets activities.

Additionally, Beazer’s former treasurer, Ekaterina Schwallie, has been named VP national finance and strategic planning.

“We are pleased to welcome Mr. Grumboski to Beazer Homes,” said Bob Salomon, EVP and CFO. “His background includes extensive capital markets and corporate banking experience, adding a crucial skillset as we continue to grow the business and return to profitability.”

Previously, Grumboski was serving as director, debt capital markets for SunTrust Robinson Humphrey, Inc. There, he was charged with the structuring, execution, pricing and distribution of public and private debt offerings.

He has also held various corporate banking and capital markets positions at BNP Paribas and Banc One Capital Markets.

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HCN Stock Watch: Midweek slump

BY HBSDEALER Staff

Stocks lost much of the momentum they’d gained over the past couple of days after new home sales were announced, which came in at their slowest pace since last July.

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