Ashton Woods announces leadership changes

Alpharetta, Ga., Aug. 17, 2022 (GLOBE NEWSWIRE) — Ashton Woods Homes USA LLC (the “Company”) today announced that Cory J. Boydston, Chief Financial Officer, announced his retirement from the Company, at effective December 31, 2022. The Company’s Board of Directors elected Zachary R. Sawyer to succeed Ms. Boydston as the Company’s Chief Financial Officer upon her retirement.

Ms. Boydston joined the Company in 2009 and served as Chief Financial Officer throughout her tenure with the Company. Ms. Boydston has been instrumental in the company’s strategic growth, including expansion into new markets and current recognition as one of the nation’s largest privately-owned homebuilders. During Ms. Boydston’s thirteen years in office, the company grew from approximately $300 million to more than $3 billion in annual revenue; completed numerous financings; and executed on strategic and operational initiatives designed to create long-term value for the owners of the Company.

Ken Balogh, CEO of the company, said, “Cory has been a key contributor to Ashton Woods’ leadership team and has been instrumental in our growth and success over the past 13 years. Cory has had a tremendous career spanning over three decades in the industry, and on behalf of myself, our leadership team and our Board of Directors, I would like to thank Cory for his many contributions and partnership; it has been a privilege to work with her over these many years. During his tenure, Cory has built and retained a talented finance team, led by Zack Sawyer who I also work closely with. I am confident that Zack will continue Cory’s disciplined approach to the business and his commitment to our success, and also confident that Zack will lead a successful transition and set the stage for continued success. We are all grateful for Cory’s contributions to our organization and wish him the best in his next chapter.

Mr. Sawyer joined the Company in 2008 and held numerous positions during his tenure, including internal audit, corporate accounting, and financial planning and analysis. Mr. Sawyer was promoted to Corporate Controller in 2014 and Senior Vice President and Chief Accounting Officer in 2017. Prior to joining the Company, Mr. Sawyer was a Senior Auditor at KMPG, LLP. Mr. Sawyer is a graduate of the University of Georgia, where he received his BS and Masters in Accounting, and is a CPA. Mr. Sawyer will continue to serve as the Company’s Chief Accounting Officer.

“It has been an absolute honor and pleasure to have served in this role with Ashton Woods for the past 13 years and to be part of this exceptional management team and company,” said Ms. Boydston. “I’m proud to have played a role in the many milestones the company has reached, and I’m confident the company will continue to thrive with Zack as CFO as I move on to new adventures.”

ABOUT ASHTON WOODS / STARLIGHT HOMES:

Ashton Woods is one of the nation’s largest privately owned homebuilders, delivering over 50,000 homes to homeowners in its more than 30 years in business. The company markets its homes through its two award-winning brands, Ashton Woods Homes and Starlight Homes. The Ashton Woods brand is known for designing inspired and thoughtfully curated homes for people who love design. The company’s industry-leading experience at the Studio and with AW collections translates into exceptional design and special design touches in every Ashton Woods home. The Starlight Homes brand builds homes specifically for first-time buyers, offering affordable homes with well-executed designs and quality finishes for buyers looking to make the dream of homeownership a reality. The company’s commitment to innovation and continuous evolution to meet market needs is one of the main reasons it is one of the nation’s most celebrated homebuilders, winning hundreds of awards. national and local industry awards in product design, community design, architecture, merchandising, sales, marketing, customer service and innovation, and being named a past recipient of the coveted Builder of the Year designation by Builder and Developer Magazine.


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