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William Lyon Homes Promotes Zaist to Co-CEO

William Lyon Homes said it has promoted Matthew Zaist to the role of co-chief executive officer.

Zaist, currently the Newport Beach-based homebuilder’s president and chief operating officer, will serve alongside William H. Lyon, the company’s current chief executive, in the new role.

William H. Lyon will also assume the newly created role of vice chairman of the board, the company said.

The new position was formed “as part of the company’s board succession planning initiatives,” according to a statement from the homebuilder, which counts a market value of about $780 million.

William H. Lyon is the son of company namesake General William Lyon, who will continue to serve as the company’s executive chairman and chairman of the board of directors.

Under the co-CEO roles, William H. Lyon, will head up legal and enterprise risk management, human resources and information technology functions.

Zaist will oversee the operational and financial aspects of the business, and all homebuilding operations and corporate finance functions will report to him, the company said.

The breadth of experience (Zaist) has gained in his 15 years in various positions with the company has prepared him well for the CEO role,” Gen. Lyon said in a statement.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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