Irvine-based TRI Pointe Group Inc. (NYSE: TPH) said Monday its chief financial officer, Mike Grubbs, will step down at the start of next year.
After his retirement in January Grubbs will be replaced by chief accounting officer Glenn Keeler, who has been with the firm since 2013.
Grubbs co-founded TRI Pointe, a homebuilder with north of $3 billion in annual revenues, in 2009 with CEO Doug Bauer and president and COO Tom Mitchell. His retirement marks the close of a 32-year career in homebuilding and real estate finance, the company said.
Shares for the company rose 0.6% on Monday to $12.04 and a $1.75 billion market cap.