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MDC’s Board Appoints New Financial Leader

In less than two weeks, ""M.D.C. Holdings, Inc."":http://www.richmondamerican.com/, will welcome a new company officer, with the announcement that John M. Stephens will join MDC as the group's chief financial officer, principal accounting officer, and senior vice president. MDC's board of directors recently appointed Stephens to the leadership positions, and his new roles with MDC will become effective on February 13.

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Stephens has more than 20 years of experience throughout the finance, business, and homebuilding industries. During his two-decade career, Stephens has performed as the head of financial activities for diverse companies, providing him with

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expertise in numerous areas including treasury, SEC reporting, strategic investments, and accounting.

Prior to being hired by MDC, Stephens served as the senior vice president and chief financial officer for ""Standard Pacific Corp"":www.standardpacifichomes.com/. Considered one of the country's largest publicly traded homebuilders, Stephens was responsible for leading a team of 50 within Standard Pacific's financial division.

In a company statement, MDC's chairman and CEO, Larry A. Mizel, said of Stephens, ""John's career experience and professional credentials make him a natural choice for our CFO position. He offers a deep understanding of the homebuilding industry, and he has a proven track-record of success in driving financial growth and shareholder value.""

Continuing his commentary, Mizel added, ""We are confident that John will enhance our senior management team and help us to become an even stronger, more successful enterprise as we work towards our goal of returning to profitability in 2012.""

In January, MDC disclosed the resignation of Villa Valentine, the company's former vice president of finance, corporate comptroller, and chief accounting officer. Though Valentine's tenure with MDC concluded on January 4, the company will continue to retain her on a consulting basis as MDC's principal financial officer and principal accounting officer until Stephens assumes his role for the entity.

About Author: Abby Gregory

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