The management of the TECHNICAL OLYMPIC Group announces that its listed on New York Stock Exchange (NYSE) USA subsidiary, TECHNICAL OLYMPIC USA INC. (TOUSA), announced, literatim, the following:
"HOLLYWOOD, Fla., Jan. 3, 2007 (PRIME NEWSWIRE) -- Technical Olympic USA, Inc. (NYSE:TOA) announced today that its Board of Directors has named Stephen M. Wagman as Executive Vice President and Chief Financial Officer and Paul Berkowitz as Executive Vice President and Chief of Staff of TOUSA.
Mr. Wagman brings more than 20 years of business and financial leadership to TOUSA. He joins TOUSA from MasTec, Inc., a Miami-based, NYSE-listed infrastructure contractor. At MasTec, Mr. Wagman served as Executive Vice President overseeing the Company''s treasury, financial planning, mergers and acquisitions, and asset management organizations. Prior to joining MasTec, Mr. Wagman was the Chief Financial Officer of Peace Software International Limited, a utility CIS software developer recently acquired by First Data Corporation. Mr. Wagman has also served as the Chief Financial Officer of several additional organizations.
Mr. Wagman holds a law degree from Case Western University and a bachelor''s degree in accounting from Ohio State University.
Mr. Berkowitz brings 33 years of business experience to TOUSA. As Chief of Staff and member of TOUSA''s senior management team, Mr. Berkowitz will coordinate corporate office functions and their interaction with our operating units.
Prior to joining TOUSA, Mr. Berkowitz was a principal shareholder at Greenberg Traurig, LLP, a major international law firm, where he served a wide variety of clients. He concentrated on corporate and securities law and has extensive experience in financing transactions, public and private offerings, and mergers and acquisitions.
Mr. Berkowitz holds a bachelor''s degree in accounting from the Wharton School of Finance and a law degree from the University of Pennsylvania. "Steve and Paul have dynamic and diverse backgrounds and are great additions to our management team," said Antonio B. Mon, President and Chief Executive Officer of TOUSA. "Both gentlemen will support me in implementing our strategic initiatives and will focus on driving value creation across the Company. I want to take this opportunity to thank Randy Kotler for his leadership and commitment as Interim Chief Financial Officer and look forward to his continued role as our Senior Vice President - Finance and Chief Accounting Officer. "