Bonnie Stone Sellers has been appointed to the Board of Directors of Hovnanian Enterprises, Inc. (NYSE:HOV).
The addition of Ms. Sellers expands Hovnanian’s board to eight members, six of whom are independent.
Sellers, who brings considerable expertise and over 35 years of global real estate experience, will also serve on the Board of Director’s Audit Committee and Corporate Governance and Nominating Committee.
“We are pleased to welcome Bonnie to Hovnanian’s board of directors,” said Ara K. Hovnanian, chairman, president and CEO. “Her extensive experience in the global real estate market will provide valuable insight as we execute our plan to grow our community count, revenues and ultimately our profitability. We believe that Bonnie’s broad real estate knowledge and sharp business acumen will further enhance the oversight and counsel that we receive from our board of directors.”
Ms. Sellers most recently served as CEO of Christie’s International Real Estate. As CEO of Christie’s, Ms. Sellers was responsible for all aspects of the company’s business, including its global sales, marketing strategy, new development projects and finance groups. Before that, Sellers was a partner and head of real estate at McKinsey & Company. During her 14 years as a partner at McKinsey, Sellers was responsible for launching and building the firm’s real estate group. Earlier in her career, Ms. Sellers practiced law in the real estate departments of two major New York City law firms, representing clients on sales and acquisitions, leases, construction agreements, joint ventures, urban renewal projects, and financings.
Sellers holds a JD from Columbia Law School, an MLA in landscape architecture from Harvard Graduate School of Design, and a BA in architecture and landscape architecture from University of Pennsylvania. She serves on the Board of Overseers for University of Pennsylvania School of Design, and the Dean’s Campaign Committee at Harvard Graduate School of Design.
