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Dominion's Donnell Resigns; Borror Named President as Well as Chairman, CEO.


DUBLIN, Ohio Dublin is a city in Delaware, Franklin, and Union counties in the U.S. state of Ohio. The population was 31,392 at the 2000 census. In 2006, the population was estimated to be 36,565[1], and Dublin continues to be one of the fastest-growing suburbs of Columbus.  -- Dominion Homes, Inc. (Nasdaq:DHOM) President and Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 Jon M. Donnell resigned today, effective October 31, 2004, and Dominion Chairman and 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.  Douglas G. Borror was named President effective November 1, 2004.

"In nine and a half years with Dominion, we have accomplished great things together," Donnell said. "High points have included significant growth in home sales and revenues, successful expansion into the Kentucky market, helping to build a team that is unparalleled in the industry, and an excellent relationship with the Borror family. Now it's time It's Time was a successful political campaign run by the Australian Labor Party (ALP) under Gough Whitlam at the 1972 election in Australia. Campaigning on the perceived need for change after 23 years of conservative (Liberal Party of Australia) government, Labor put forward a  for a new challenge."

Borror said, "Jon's tenure with Dominion has been extremely productive. In the time he has been with us, our Company has more than doubled both revenues and profit. We are well positioned for continued growth and Jon deserves great credit for his role in our success."

In naming Borror President as well as Chairman and CEO, the Board indicated it will leave the Chief Operating Officer post open. Donnell has also stepped down from the Dominion Board.

Donnell joined the Company in 1995 as CFO See Chief Financial Officer. , was promoted to COO in 1996, has served on the Board since 1997 and was named President in 1999. Before joining Dominion, Donnell was an executive with Del Webb Delbert E. Webb (May 17 1899 - July 4 1974) was an American construction magnate, real estate developer and sports-team owner who is significant for founding and developing the retirement community of Sun City, Arizona.  Corporation, now a division of Pulte Homes.

Dominion Homes offers a distinct series of homes, which are differentiated by size, price, standard features and available options. The Company's "Best of Everything" philosophy focuses on providing its customers with unsurpassed products, quality, and customer service. There are currently more than 55 Dominion Homes locations in Central Ohio and Louisville and Lexington, Kentucky. Additional information is available at www.dominionhomes.com.

Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, weather conditions, changes in general economic conditions, fluctuation in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report and Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 for the years ended December 31, 2003. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 14, 2004
Words:400
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