PulteGroup, Inc., one of America's largest homebuilding companies, announced that it has appointed three new independent Directors to its Board: John R. Peshkin, an experienced real estate investor and homebuilding operator; Scott F. Powers, an accomplished financial services executive; and Joshua Gotbaum, an executive with broad financial, policy, and leadership skills. These appointments are effective immediately and expand PulteGroup's Board of Directors to 13 members, 12 of whom are independent.

"We are delighted to welcome three distinguished individuals with relevant expertise to our Board as we move forward with the next phase of our Value Creation strategy," said Richard J. Dugas, Jr., Chairman and Chief Executive Officer of PulteGroup. "John has spent his career in the real estate and home building industries as a successful senior executive, as an investor, and as a board member at two of the nation's top builders. Scott brings us additional skills honed through a career of managing through financial industry change. And Josh's service in both the public and private sectors across a range of industries gives him a broad perspective on corporate finance and public policy."

"PulteGroup's Board of Directors is dedicated to delivering superior returns to shareholders as we continue to oversee the Company's transformation into an enterprise built to perform and succeed through the housing cycle," said James Postl, lead independent Director of PulteGroup's Board of Directors. "We have a terrific foundation in place based on the successful work executed over the past five years under the leadership of Richard J. Dugas, Jr., and our goal will be to build on that record."

PulteGroup announced that, in addition to being appointed to its Board, Messrs. Peshkin and Gotbaum will join the Company's previously established CEO search committee. "We welcome the input of these two experienced finance and homebuilding executives into our CEO search process," stated Patrick J. O'Leary, PulteGroup director and search committee leader. "Our committee is making good progress and we look forward to their perspectives as we work to complete our evaluation of internal and external candidates."

Dave Miller, Senior Portfolio Manager at Elliott Management, commented, "We are excited about the skills and perspectives that the new directors bring to the Board.  We think they will add meaningfully to PulteGroup as it transitions to its next phase of Value Creation."