Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., has appointed Erin Lantz as an independent director on its Board of Directors, effective October 14, 2024. This move highlights the company’s commitment to ongoing board refreshment as it expands its board size to 11 directors. Over the coming regularly scheduled board meetings, the Board will consider Ms. Lantz for positions on one or more committees.
With over 20 years of leadership experience in technology-related fields, Ms. Lantz currently serves as Chief Revenue Officer at Ethos, a fintech firm specializing in life insurance. Previously, she was the Vice President and General Manager of Mortgages at Zillow Group, Inc., and served as Senior Vice President at Bank of America, leading the Direct-to-Consumer purchase home loan business.
Ms. Lantz’s public company director experience includes her role at Blend Labs, Inc. (NYSE: BLND), where she chairs the Compensation Committee and sits on the Audit Committee. She has also served on the boards of TrueCar, Inc. and Washington Federal, Inc. Ms. Lantz holds an MBA from Harvard University and a bachelor’s degree in Political Science, Philosophy, and Economics from the University of Pennsylvania.
“We are pleased to welcome Erin to our Board,” said Steven J. Hilton, executive chairman of Meritage Homes. “Her extensive background in technology, real estate, and mortgages will enhance our Board’s expertise and diversity of thought as we continue to strengthen our position as a top five builder.”
“I am honored to join the Board of Meritage. I look forward to collaborating with the directors and leveraging my expertise in digitally focused consumer and agent-facing platforms to guide the Company,” said Ms. Lantz.
Additionally, Meritage Homes announced that its Board has approved a plan to declassify the Board of Directors. The company intends to present a proposal for stockholders to vote on at the 2025 annual meeting to amend its Certificate of Incorporation for a phased declassification. This initiative is in response to stockholder feedback emphasizing the importance of annually elected boards for increased accountability and reflects governance best practices as part of the company’s broader refreshment strategy.
About Meritage Homes Corporation:
Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.
Meritage has delivered over 185,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA’s Indoor airPLUS Leader Award.
