Real Estate Companies: Donnell To Head Avatar
October 21, 2010 (FinancialWire) (http://www.financialwire.net/) — Avatar Holdings, Inc. (NASDAQ: AVTR), a real estate company in Florida and Arizona, said that Jon M. Donnell, a veteran real estate executive, is joining the company as president and chief executive officer, effective November 15.
The appointment follows the decision by Gerald D. Kelfer, Avatar's long-time president and CEO, to retire. Kelfer, age 65, remains vice chairman of the board and a director. Donnell will also join Avatar's board.
Donnell served from 1995-2004 in several executive positions at Dominion Homes, Inc., a builder of single family homes in Ohio, Kentucky and Indiana. He joined Dominion in 1995 as CFO and served as the firm's president and COO from 1999-2004.
Florida-based Avatar’s principal operations are conducted at Poinciana, Solivita and Bellalago in central Florida near Orlando, Seasons at Tradition in Port St. Lucie, Florida and at Rio Rico, south of Tucson, Arizona.
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