William Lyon Homes CEO Matt Zaist will consult for the developer and homebuilder after Taylor Morrison Homes buys it, the companies said this month. Bill Lyon, as said in November when the deal was struck, will join its board.
Taylor Morrison (NYSE: TMHC) agreed last month to acquire Newport Beach-based Lyon (NYSE: WLH) for $855 million in cash and stock; the deal is valued at $2.4 billion, including debt.
The combined company will be the fifth-largest U.S. homebuilder with about 14,000 homes sold annually.
For more executive changes, including regional moves, and details on the deal, see the Dec. 23 print edition of the Business Journal.
