Colony Homes Names New CEO.Business Editors NOTE TO MEDIA: Photo/Logo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com ATLANTA--(BUSINESS WIRE)--May 10, 2002 Tom Bradbury Brad·bur·y , Ray Douglas Born 1920. American writer of science fiction mingled with social commentary. His works include The Martian Chronicles (1950) and Fahrenheit 451 (1953). Noun 1. , owner of Colony Homes, one of the largest privately owned homebuilders in the country, announced today the promotion of Ron Noun 1. Ron - a Chadic language spoken in northern Nigeria Bokkos, Daffo West Chadic - a group of Chadic languages spoken in northern Nigeria; Hausa in the most important member Peiffer to the position of Chief Executive Officer. Peiffer, formerly President of the company's Raleigh Raleigh (rôl`ē, räl`ē), city (1990 pop. 207,951), state capital, and seat of Wake co., central N.C.; the site was selected for the capital in 1788, and the city was laid out and inc. 1792. Division, has been with Colony Homes for 17 years. Says Bradbury, "During 26 years of growth, we have developed a very strong culture at Colony Homes. I feel confident that Ron's experience with the company will not only support our continued growth but also guard the integrity of that culture." Bradbury has served as both CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Board of Colony Homes. Peiffer's promotion allows him to focus full time on the role of Board Chairman. "Colony has grown significantly in the past several years," continues Bradbury, "Our strategic plan for the next ten years is extremely aggressive and Ron's promotion is an important step in carrying out that plan." 2001 was Colony's best financial year to date. The Atlanta-based company closed 2045 homes with a gross volume of $248 million. It currently has Divisions in Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. , Raleigh and Charlotte. Colony specializes in entry level, affordable homes and is considered an extremely innovative homebuilder. Peiffer began his career at Colony Homes as a punchout specialist and has worked his way up through the organization holding numerous positions including Builder and Production Manager. When the company moved into the Raleigh market six years ago, he was chosen by Bradbury to head up that effort. Colony is now the number three builder in the Raleigh market, holding a significant share of its price point. As President of the Raleigh Division, Peiffer also held a position on the company's Leadership Team. "I am excited about the challenge this opportunity presents," says Peiffer, "And I look forward to working with the Leadership Team in an enhanced capacity." Peiffer's promotion is effective immediately. He will relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. and be based in the company's corporate offices in Woodstock Woodstock, cities, United States Woodstock. 1 City (1990 pop. 14,353) seat of McHenry co., NE Ill.; inc. 1845. Its manufactures include business machinery, metal products, and dairy items. 2 Town (1990 pop. 1,870), Ulster co. , Ga. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.051002/bb5 http://www.businesswire.com/cgi-bin/photo.cgi?pw.051002/bb5a |
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