Founder Schar to retire; Saville becomes Executive Chairman, Bredow named CEO at NVR

NVR INC

Dwight C. Schar, founder and Chairman, will retire effective May 4, 2022, end of his term.
Paul C. Saville, current CEO, to be elected to Board and become Executive Chairman on May 4.
Eugene J. Bredow, President of NVR Mortgage, appointed President and CEO effective May 4.
Manuel H. Johnson and William A. Moran also retiring from Board at annual meeting.
Saville was CEO since 2005; Bredow has been with NVR since 2004 and led NVR Mortgage since 2019.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Paul C. Saville

Executive Chairman of the Board

NVR · NVR INC

Effective: 2022-05-04
Filed: March 24, 2022, 7:59 PM ET

Effective upon election to the Board, Mr. Saville will be appointed Executive Chairman of the Board and will relinquish the President and Chief Executive Officer positions.

Departed

Dwight C. Schar

Chairman of the Board

NVR · NVR INC

Effective: 2022-05-04
Successor: Paul C. Saville
Filed: March 24, 2022, 7:59 PM ET

Dwight C. Schar, Chairman of NVR’s Board of Directors, (the “Board”) will be retiring effective May 4, 2022, the end of Mr. Schar’s current term.

Appointed

Eugene J. Bredow

President and Chief Executive Officer

NVR · NVR INC

Effective: 2022-05-04
Filed: March 24, 2022, 7:59 PM ET

The Board of Directors has appointed Eugene J. Bredow, currently President of NVR Mortgage, to become President and Chief Executive Officer effective May 4, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul C. Saville was appointed as Executive Chairman of the Board at NVR INC.

Action: appointed Executive Chairman and will relinquish President and CEO
Role: Executive Chairman of the Board

Exact text from the filing

Effective upon election to the Board, Mr. Saville will be appointed Executive Chairman of the Board and will relinquish the President and Chief Executive Officer positions.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dwight C. Schar departed as Chairman of the Board at NVR INC.

Action: retiring
Role: Chairman of the Board

Exact text from the filing

Dwight C. Schar, Chairman of NVR’s Board of Directors, (the “Board”) will be retiring effective May 4, 2022, the end of Mr. Schar’s current term.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eugene J. Bredow was appointed as President and Chief Executive Officer at NVR INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Board of Directors has appointed Eugene J. Bredow, currently President of NVR Mortgage, to become President and Chief Executive Officer effective May 4, 2022.

View on SEC.gov

NVR INC filing history →

Source: SEC EDGAR

accession 0000906163-22-000020

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