Hovnanian Enterprises Management
Management criteria checks 3/4
Hovnanian Enterprises' CEO is Ara Hovnanian, appointed in Jul 1997, has a tenure of 27.33 years. total yearly compensation is $9.48M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 13.06% of the company’s shares, worth €126.76M. The average tenure of the management team and the board of directors is 4.7 years and 18.7 years respectively.
Key information
Ara Hovnanian
Chief executive officer
US$9.5m
Total compensation
| CEO salary percentage | 11.8% |
| CEO tenure | 27.3yrs |
| CEO ownership | 13.1% |
| Management average tenure | 4.7yrs |
| Board average tenure | 18.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jul 31 2024 | n/a | n/a | US$221m |
| Apr 30 2024 | n/a | n/a | US$202m |
| Jan 31 2024 | n/a | n/a | US$185m |
| Oct 31 2023 | US$9m | US$1m | US$179m |
| Jul 31 2023 | n/a | n/a | US$146m |
| Apr 30 2023 | n/a | n/a | US$168m |
| Jan 31 2023 | n/a | n/a | US$190m |
| Oct 31 2022 | US$17m | US$1m | US$195m |
| Jul 31 2022 | n/a | n/a | US$191m |
| Apr 30 2022 | n/a | n/a | US$163m |
| Jan 31 2022 | n/a | n/a | US$553m |
| Oct 31 2021 | US$12m | US$1m | US$550m |
| Jul 31 2021 | n/a | n/a | US$538m |
| Apr 30 2021 | n/a | n/a | US$509m |
| Jan 31 2021 | n/a | n/a | US$73m |
| Oct 31 2020 | US$9m | US$1m | US$46m |
| Jul 31 2020 | n/a | n/a | US$8m |
| Apr 30 2020 | n/a | n/a | -US$14m |
| Jan 31 2020 | n/a | n/a | -US$34m |
| Oct 31 2019 | US$6m | US$1m | -US$42m |
| Jul 31 2019 | n/a | n/a | US$6m |
| Apr 30 2019 | n/a | n/a | US$12m |
| Jan 31 2019 | n/a | n/a | US$18m |
| Oct 31 2018 | US$7m | US$1m | US$4m |
Compensation vs Market: Ara's total compensation ($USD9.48M) is above average for companies of similar size in the German market ($USD1.42M).
Compensation vs Earnings: Ara's compensation has been consistent with company performance over the past year.
CEO
Ara Hovnanian (67 yo)
27.3yrs
Tenure
US$9,482,398
Compensation
Mr. Ara K. Hovnanian has been the Chief Executive Officer of Hovnanian Enterprises, Inc. since July 1997 and had been its President since April 1988. Mr. Hovnanian has been Chairman of Hovnanian Enterprise...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 27.3yrs | US$9.48m | 13.06% € 126.8m | |
| CFO & Treasurer | 4.6yrs | US$1.79m | 0.36% € 3.5m | |
| Group President | less than a year | no data | 0.26% € 2.5m | |
| Chief Information Officer & VP | no data | no data | no data | |
| Vice President of Investor Relations | 20yrs | no data | no data | |
| VP, Corporate Counsel & Secretary | no data | no data | no data | |
| Executive Vice President - National Homebuilding Operations | 4.7yrs | no data | 1.95% € 18.9m | |
| Group President | no data | no data | no data |
4.7yrs
Average Tenure
Experienced Management: HO3A's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of the Board | 42.9yrs | US$9.48m | 13.06% € 126.8m | |
| Lead Independent Director | 22.2yrs | US$409.03k | 0.22% € 2.1m | |
| Independent Director | 18.7yrs | US$359.03k | 0.51% € 4.9m | |
| Director | 27.8yrs | US$5.61m | 2.25% € 21.8m | |
| Independent Director | 18.7yrs | US$296.52k | 0.63% € 6.1m | |
| Independent Director | 11.7yrs | US$296.52k | 0.41% € 3.9m | |
| Independent Director | 6.4yrs | US$296.52k | 0.35% € 3.4m | |
| Independent Director | 2.8yrs | US$294.02k | 0.074% € 718.0k |
18.7yrs
Average Tenure
70.5yo
Average Age
Experienced Board: HO3A's board of directors are seasoned and experienced ( 18.7 years average tenure).