M.D.C. Holdings, Inc. ( www.RichmondAmerican.com ) today announced that Charles Schneider has been added to the senior management team as Senior Vice President, reporting to David Mandarich, President and Chief Operating Officer of MDC. His focus will be on growth, company operations and how the company utilizes technology. Initially, the Information Technology Department and a strategy/operations team will report to him. Both of these organizations are currently expanding.
"Charlie is a proven leader at helping large organizations improve operations and leverage the power of technology to grow more efficiently and profitably. We are excited to have added him to our team," said David Mandarich. "He will help us achieve our aggressive growth goals of doubling the size of our Company in less than five years."
Prior to MDC, Mr. Schneider was president & chief operating officer of eCollege, an eLearning company based in Denver. Previously, he was a senior vice president with the Oracle Corporation based in Redwood Shores, California. Prior to Oracle, Mr. Schneider was a principal with the international management-consulting firm of Booz-Allen & Hamilton, Inc., focused on strategy, operations improvement and technology.
MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's homebuyers, through its wholly owned subsidiary, HomeAmerican Mortgage Corporation. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. The Company is the largest homebuilder in Colorado; among the top five homebuilders in Northern Virginia, Phoenix, Tucson and Las Vegas; among the top ten homebuilders in suburban Maryland, Northern California and Southern California; and has recently entered the Salt Lake City and Dallas/Fort Worth markets.
CONTACT: Paris G. Reece III, Chief Financial Officer of M.D.C. Holdings,
Inc., +1-303-804-7706, greece@mdch.com; or Rodger VanAllen of Rubenstein
Associates, Inc., +1-212-843-8282, rvanallen@rubenstein.com, for M.D.C.
Holdings, Inc.
The Richmond American Homes companies (RAH), HomeAmerican Mortgage Corporation (HMC), American Home Insurance
Agency (also known as AHI Insurance Agency) (AHI) and American Home Title and Escrow Company (AHT) are
owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. Each of
RAH, HMC, AHI and AHT offers services independently of each other, and if you obtain a product or service
from one company, you are not required to utilize the services of, or obtain products from, the other
company. Your decision to use a company that is not affiliated with RAH, HMC, AHI or AHT will not affect
your ability to obtain products and services from these companies. See licensing information.
Certain statements on the Site, including statements regarding the MDC Companies' business, financial condition,
results of operation, cash flows, strategies and prospects, constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be
identified by terminology such as "likely," "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other
comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of the MDC Companies to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Additional information about the risks and uncertainties applicable to the MDC Companies' business
is contained in MDC's filings with the Securities and Exchange Commission, including MDC's Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q. The MDC Companies undertake no duty to update publicly any
forward-looking statements, whether as a result of new information, future events or otherwise. However, any
further disclosures made on related subjects in MDC's subsequent filings with the Securities and Exchange
Commission, press releases and/or presentations should be considered.
