ERLANGER, Ky.—Fischer Homes, a leading Louisville-area builder and the nation’s 30th largest home builder, announced major changes in the company’s leadership.
Bob Hawksley, a 28-year veteran of Fischer Homes and current CEO of The Fischer Group, has been named CEO Emeritus.
Tim McMahon has been promoted from president and chief operating officer CEO of The Fischer Group.
Jay Smith has been promoted from executive vice president of operations to president and COO of The Fischer Group.
Fischer Homes Chairman Greg Fischer—whose father, Henry, founded the company in 1980—said Hawksley was the first non-family member to serve as CEO of Fischer Homes.
“Bob has been a very important part of our company for many years,” Fischer said. “He helped define the culture and define who we are. I am eternally grateful to him for what he has done for our company as well as for what he has done for me. I started at Fischer when I was 18, so Bob is right there with my dad as far as how much he has helped me personally.”
Fischer said McMahon and Smith have had tremendous impacts on Fischer Homes and have positioned the company for continued growth.
“We’ve had a lot of success in the last three years, showing tremendous growth, and I attribute a lot of that to the leadership of Tim and Jay,” Fischer said. “They have set us up to springboard to the next chapter, and I’m excited about the future and feel fortunate to have both of them leading our team.”
The transition has been years in the making and strongly positions the company for sustained growth in the years to come.
“These changes did not happen overnight,” McMahon said. “Bob Hawksley and I have been working with Greg Fischer and our leadership team since 2014 on how we can expand the footprint of the organization and seamlessly transition leadership; this has been a well-thought-out, long-term succession plan. Our goal now is to continue to execute our proven profitable expansion strategy that we have successfully executed over the past eight years.”
In the past five years, Fischer Homes has grown from 19,500 homes built to 32,000 homes with a rise in annual revenue from $637 million to $1.5 billion. The company is the top home builder in Cincinnati, Northern Kentucky and Louisville and a leading builder in Dayton, Columbus, Indianapolis, St. Louis and Atlanta.
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