WCI's president also becomes CEO

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  • | 12:00 p.m. March 14, 2005
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WCI Communities, Inc. has a change at the top.

Jerry Starkey has added the title of Chief Executive Office. He will retain his position as President and continue to serve as a director on WCI’s Board of Directors.

Al Hoffman Jr. is retiring from the company and will be Chairman of the Board. Don Ackerman, who had served as Chairman of the Board, will continue to serve as a member of WCI’s Board of Directors.

About the change, Hoffman said, “Having worked very closely with Jerry for 17 years, I speak for the entire Board when I say that we have tremendous confidence in Jerry’s ability to lead WCI to ever greater levels of accomplishment. He has long been an important contributor to our rapid growth and has demonstrated an impressive strategic agility during periods of dramatic change at WCI.

“His unsurpassed knowledge of the real estate industry, leadership and innovative nature has helped our company achieve some very impressive goals. During his tenure as President of WCI, Jerry has displayed a result-oriented drive that has inspired our entire executive team. These are the accomplishments and characteristics that give us great pride in appointing Jerry as WCI’s Chief Executive Officer.”

Starkey commented that: “Over the last 17 years the Company has grown from less than $50 million in revenues to nearly $2 billion in revenue. I have enjoyed working and learning from Al Hoffman throughout the years. I am extremely grateful to Al and the Board for what has been a wonderful long-term relationship, as well as the confidence they have expressed in me to lead this Company into the future.”

Starkey has been with the Bonita Springs-based builder and its predecessor company, Florida Design Communities, since 1988, serving in senior executive capacities including President and Chief Operating Officer. Starkey has also served on WCI’s Board of Directors since May 2001.