SCOTTSDALE, Ariz., Aug. 14, 2009 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE:MTH) a leading U.S. homebuilder, today announced the appointment of Dana C. Bradford to the Company's board of directors.
Mr. Bradford is the president and managing partner of McCarthy Capital Corporation, a private equity firm based in Omaha, Nebraska, with nearly $1 billion in assets under management. He serves as a director of a number of private companies, including Guild Mortgage, a full-line mortgage company; Southwest Value Partners, a real estate investment firm; Waitt Corp Investments, a diversified investment company; Vornado Air, a branded consumer products company; NRG Media, a sixty station radio network; and Gold Circle Films, a movie production company. He has also served as a director of the Ronald McDonald House, the National Conference for Community and Justice, the Greater Omaha Chamber of Commerce and Ballantyne (AMEX:BTN), a movie projector manufacturer.
Mr. Bradford earned a bachelor's degree in business administration from the University of Arizona, and has been involved with numerous community projects, including a lead role in the redevelopment of Ak-Sar-Ben Race Track, the largest redevelopment project in Omaha's history.
"We are delighted to have Dana join Meritage's board of directors," said Steven J. Hilton, chairman and CEO of Meritage Homes. "His 22 years of business experience and involvement in the real estate, manufacturing and mortgage industries will be extremely valuable as we navigate our return to profitability and increase Meritage's presence within the homebuilding industry."
Mr. Bradford will serve as a member of the board's audit, executive compensation and nominating and corporate governance committees.
"Meritage has a great reputation as a quality homebuilder and is well respected within the industry," said Mr. Bradford. "I look forward to working with its board members and management team to make the Company even stronger and continue its long record of success."
About Meritage Homes Corporation
Meritage Homes Corporation is a leading designer and builder of single-family detached homes in the historically high-growth southern and western United States. We offer a variety of homes that are designed to appeal to a wide range of homebuyers, including first-time, move-up, luxury and active adult buyers, with base prices ranging from under $100,000 to a million dollars. Our homebuilding and marketing activities are conducted under the names Meritage Homes, Monterey Homes and Legacy Homes. We have operations in three regions: West, Central and East, which are comprised of 12 metropolitan areas in six states. These three regions are our principal business segments. As of June 30, 2009, we had 178 actively selling communities in Houston, Dallas/Ft.
