Taylor Morrison appoints Lou Steffens as next CFO


Permanent executive in housing construction and current president of mergers and acquisitions to take on new role as chief financial officer as of January 1, 2022

Posted: October 27, 2021 at 5:15 a.m. CDT|Update: 5 hours ago

SCOTTSDALE, Arizona., October 27, 2021 / PRNewswire / – Taylor Morrison Home Corporation (NYSE: TMHC), the nation’s fifth largest builder and real estate developer, today announced it has appointed Lou Steffens, its current president of mergers and acquisitions, as the next chief financial officer of the Company. Steffens, a dynamic leader with more than 30 years of experience in residential and financial construction, will succeed the current CFO Dave Cone, who will retire at the end of 2021.

Taylor Morrison (PRNewsFoto / Taylor Morrison) (PRNewsfoto / Taylor Morrison)

Taylor Morrison appoints Lou Steffens as next CFO

“After an extensive process of finding and interviewing internal and external candidates, I am proud that we were able to call on our group of talented leaders for this role,” said Taylor Morrison, President and CEO. Sheryl palmer. “With Lou’s significant experience in finance and residential construction operations, coupled with his expertise in executing each of our acquisitions and integrations, he is uniquely qualified to help lead our business into the next phase of its development. strategic course focused on operational excellence. “

Since Steffens joined Taylor Morrison in 2007, he has served as Zone and Region President in various markets across the country and a member of the executive team. As President of Mergers and Acquisitions, he led the organization through six successful acquisitions and integrations that added significant operational scale and geographic scope that transformed the company’s ability to generate long-term value for shareholders. Most recently, he oversaw the company’s earnings management office, where he led operational initiatives that further improve the company’s financial results.

“Having helped guide the company through significant growth through acquisitions, I am excited about the opportunities that lie ahead to take full advantage of the scale and efficiency that we have gained since becoming the one of the largest home builders in the country, ”Steffens said. “With the solid foundation developed by Dave, I am confident in the positive momentum he has helped build and look forward to working even more closely with our finance team to accelerate the execution of our strategic plan. “

Prior to joining Taylor Morrison, Steffens worked for two domestic manufacturers, Pulte Group and Beazer Houses, where he served as regional and division president in several markets. Prior to that, he spent several years in finance roles with both corporate and field responsibilities within audit, accounting and finance. Steffens holds a bachelor’s degree in accounting from Michigan State University.

After nine years of experience with Taylor Morrison, Executive Vice President and Chief Financial Officer Dave Cone will retire at the end of this year.

“It is with immense pride and a high level of confidence that I will leave Taylor Morrison in the capable hands of Lou. I know he will build on the financial and operational benefits we have created and continue to deliver results. Significant Over the Years I look forward to seeing the continued success of the company, ”said Cone.

After a collaborative transition with Cone, Steffens will officially assume the role of CFO on January 1, 2022.

About Taylor Morrison

Based at Scottsdale, Arizona, Taylor Morrison is the fifth largest builder and real estate developer in the country. We serve a wide range of consumers from coast to coast, including first-time homebuyers, movers, luxury people, and the over 55 active lifestyle buyers under our family of brands including Taylor Morrison, Esplanade, Taylor Morrison’s Darling Homes Collection and Christopher Todd Communities built by Taylor Morrison. From 2016 to 2021, Taylor Morrison was recognized as America’s Most Trusted Builder® by Lifestory Research. Our strong commitment to sustainability, our communities and our team is highlighted in our latest annual environmental, social and governance (ESG) report..

For more information on Taylor Morrison, please visit www.taylormorrison.com.

Forward-looking statements

This press release includes “forward-looking statements”. These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, outlook or opportunities, as well as those of the markets we serve or intend to serve. , differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and that they deal or generally relate to forecasts, estimates or other expectations concerning future events. As a general rule, the words “believe”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “can”, “can”, “could”, ” could ”,“ may ”and similar expressions identify forward-looking statements, including statements relating to expected financial, operational and performance results, planned transactions, planned management objectives, future developments or conditions in industries in which we participate in and other trends, developments and uncertainties that may affect our business in the future. Forward-looking statements speak only as of the date on which they are made. We assume no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. This discussion is provided as permitted by the Private Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly qualified in their entirety by the caveats contained or referenced in our most recent Annual Report on Form 10-K, including those described under the heading “Risk factors” in part I, point 1A.

CONTACT: Investor Relations
Taylor Morrison Home Corporation
(480) 734-2060
[email protected]

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