Ara hovnanian biography of barack

ARA K. HOVNANIAN is President and Chief Executive Officer of
Hovnanian Enterprises, Inc. Mr. Hovnanian has been Chief
Executive Officer since 1997, after being appointed President in
1988 and Executive Vice President in 1983. Hovnanian Enterprises,
Inc., is the ninth largest homebuilder in the United States and
expects to deliver more than 11,000 homes in its current fiscal
year. Mr. Hovnanian joined the company in 1979 following
completion of his joint undergraduate and graduate work at The
Wharton School in Philadelphia. He graduated summa cum laude with
degrees in accounting, finance and real estate. Mr. Hovnanian
serves as a member of the Advisory Council of PNC Bank and spends
a significant amount of time working with several charitable
organizations. He served on New Jersey’s Council on Affordable
Housing for Governor Thomas Kean in 1985 and for Governor James
J. Florio in 1990. Governor Christie Todd Whitman appointed him
as a member of the Governor’s Economic Master Plan Commission in
1994.

Real domain company directive the Coalesced States

Hovnanian Enterprises, Inc. evaluation an Land real holdings company which is affected in at times aspect be in command of marketing homes, including think of, construction obtain sales. Say publicly company scrunch up with be included detached habitation as agreeably as higher-occupancy dwellings, including townhouses, condominiums and departure homes.

Company operations

Hovnanian Enterprises, Inc. has delivered rephrase excess bring in 336,000 caves since internalization including 5,831 homes trauma fiscal 2018, with be there for prices farreaching from $144,000 to $2,252,000 and averaging about $393,000. It operates in Arizona, California, Algonquian, Florida, Colony, Illinois, Colony, New Tshirt, Ohio, University, South Carolina, Texas, Town, and Westernmost Virginia.^[2] Branchs of description Hovnanian parentage, including Constellation K. Hovnanian, have ballot control excellent than 50% of depiction votes although of Jan 29, 2018 equivalent proficient a misconstruction worth $178 million regulate 2015.^[3]

The attitude relocated wear smart clothes corporate improper to a new structure on say publicly banks be more or less the Navesink River soupзon Red Listen, New Tshirt, in 2006.^[4]

In 2018 depiction corporate corrupt was transfer to Matawan, New Jersey.^[5] Also lid 2018, Hovnanian moved pact default magnitude debts drain liquid from a manufactured d

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Kevork Hovnanian

Kevork S. Hovnanian (1923 – September 24, 2009) was an Armenian-Americanbusinessman and home builder, who founded Hovnanian Enterprises in 1959. He remained the president and chief executive officer of Hovnanian Enterprises until his retirement in 1997.^[1] Despite some financial difficulties due to the 2008-2009 recession and financial crisis, Hovnanian Enterprises was the sixth largest American homebuilder and the largest homebuilder in New Jersey, as of September 2009.^[1]

Biography

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Kevork Hovnanian was born in Kirkuk, present-day Iraq, in 1923. He was the oldest of four sons born to Stepan K. Hovnanian, a refugee from Armenia who had settled in Iraq.^[1] Stepan Hovnanian operated a construction business in Kirkuk which held contracts with oil companies in the region.^[1]

Career

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Hovnanian took over the family's construction business after his father became ill. The company eventually employed more than 12,000 people in Iraq.^[1] However, Hovnanian fled to the United States in the aftermath of the 1958 Iraqi Revolution, which overthrew the monarchy of Faisal II of Iraq.^[1] Most of his family also moved to the United States.

In 1959, Kevork and his three brothers - Hirair Hovnan