M.D.C. Holdings, the 12th home builder on the 2024 Builder 100 list and a subsidiary of Sekisui House, announced Larry Mizel, M.D.C.’s founder and executive chairman, and David Mandarich, M.D.C.’s president and CEO, will leave the company on Dec. 31, 2024.
“We are grateful to the Sekisui House team, which has shown the utmost respect and professionalism to us and our valued employees throughout the acquisition process and during the initial months of our integration,” states Mizel and Mandarich. “This experience only reinforces our belief that our employees and our customers are in good hands as a part of the Sekisui House family.”
Mizel and Mandarich also thanked M.D.C. team members in their press statement.
“While we are proud of what we have accomplished in our 50-year history, marked by the construction of over 250,000 homes, we are even more proud of the team we have built and what they will accomplish in the future as a part of the combined organization,” they say.
“We are grateful to have added M.D.C. to our family of companies earlier this year. It was nearly 50 years ago that executive chairman Larry Mizel and CEO David Mandarich founded M.D.C.,” says Toru Tsuji, CEO of SH Residential Holdings and executive officer of Sekisui House. “They have provided steady and wise leadership through these decades and have built an excellent home building company that has stood the test of time. We thank them for their cooperation during the acquisition and invaluable guidance in transitioning M.D.C. to our new ownership. Their accomplishments will positively influence our organization for years to come.”
