Exhibit 99.1
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Contacts: |
Arizona: |
Texas: |
New York: |
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Larry Seay |
Jane Hays |
Chris Tofalli |
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CFO & Vice President-Finance |
Vice President-Corp. Develop. |
Broadgate Consultants |
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(480) 609-3330 |
(972) 543-8123 |
(212) 232-2222 |
MERITAGE APPOINTS GERALD W. HADDOCK AS BOARD MEMBER
Dallas and Scottsdale, Arizona and Dallas (January 11, 2005) – Meritage Homes Corporation (NYSE: MTH) today announced Gerald W. Haddock has been named to the Company’s Board of Directors.
Meritage Co-chairman and Co-CEO John R. Landon stated, “Meritage welcomes Gerald to our Board. He is extremely well-qualified, with extensive experience in structuring and negotiating corporate and real estate transactions.”
Haddock is the founder of Haddock Enterprises, L.L.C. He formerly served as President and CEO of Crescent Real Estate Equities, and during his tenure, was named by Realty Stock Review as the “Outstanding CEO of the Year” three years in a row. In 1998, Mr. Haddock was named “REIT Executive of the Year” by the Commercial Property News. He is currently a Director and Audit Committee Chairman of ENSCO International, Inc., a NYSE listed company. He also serves on the Board of Directors of Baylor University’s Baylor Foundation and the New York University Graduate Tax Program National Board of Advisors.
“Gerald brings with him a wealth of knowledge in the real estate industry and in the operations of large publicly held companies,” added Steven J. Hilton, Meritage Co-chairman and Co-CEO. “We believe the Company will benefit greatly from his experience as we continue to grow.”