leadership
confidence high
sentiment neutral
materiality 0.70
Century Communities transitions to single CEO structure; Dale Francescon becomes Executive Chair, Robert Francescon CEO
Century Communities, Inc.
- Dale Francescon named Executive Chair; Robert J. Francescon becomes CEO and President effective Jan 1, 2025.
- Co-CEO structure eliminated; new employment agreements filed for both executives.
- Dale Francescon's base salary set at $1,000,000; eligible for annual bonus with target at least 175% of base.
- Executives may elect part-time Strategic Advisor role with base salary at least $750,000 and reduced compensation.
- Agreements run for initial 5-year term with automatic renewal; termination severance includes 2x base plus 2x average bonus.