Fort Lauderdale, FL-based developer Stiles announced several changes in its top ranks as part of the firm's executive leadership succession plan.
The company has appointed Ken Stiles to serve as co-CEO, working alongside his father, Chairman and CEO Terry Stiles. The younger Stiles joined the firm 11 years ago, most recently serving as executive vice president.
Also, Scott MacLaren has been appointed president of the firm. MacLaren joined Stiles in 1999, most recently leading the company's operations in North Carolina as president of Stiles North Carolina following the company's push into the region five years ago.
MacLaren succeeds former president Doug Eagon, who will transition into the role of vice chairman of the company. Eagon has been with the company since 1981, and while stepping back from day-to-day operations of the company, he will work closely with the board to ensure continuation of Stiles' long-term strategy.
"This was a major step forward in our succession plan, which we have been developing over the past decade and announced publicly last April," said Terry Stiles, chairman and CEO. "We have implemented a conservative growth strategy across the Southeast that is consistent with our goal in becoming a 100-year old company. Our senior management team is deeply committed to our vision and business strategy and we are confident this plan will allow us to continue on that path and grow for decades to come."
As part of the company's long-term plans, Terry Stiles, who has been at the helm of the company for more than 45 years, will transition out of his leadership role by mid-2017, with Ken Stiles expected to succeed him as CEO. The elder Stiles will remain chairman of the board and play an active role in the company's overall strategic direction.
Stiles Signals Leadership Changes
Posted on 4/25/2016