Board of Directors

DAVID D. MANDARICH

President and Chief Operating Officer

David D. Mandarich has been associated with the Company since 1977. He was elected President and Chief Operating Officer of the Company in 1999, a position he currently holds. He previously had been elected Chief Operating Officer in 1996, Co-Chief Operating Officer in 1994 and Executive Vice President Real Estate in 1993. He was a Director from 1980 until 1989, and has been a Director continuously since 1994. A skilled and experienced leader in the homebuilding industry, Mr. Mandarich provides the Board with the benefit of his judgment and his knowledge and understanding of the Company's homebuilding business and operations.