Ara K. Hovnanian

Ara K. Hovnanian is a Chairman of the Board, President and Chief Executive Officer of Hovnanian Enterprises, Inc.(HOV)

Hovnanian has been Chief Executive Officer since 1997, after being appointed President in 1988 and Executive Vice President in 1983. Hovnanian Enterprises, Inc., is the ninth largest homebuilder in the United States and expects to deliver more than 11,000 homes in its current fiscal year.

Hovnanian joined the company in 1979 following completion of his joint undergraduate and graduate work at The Wharton School in Philadelphia. He graduated summa cum laude with degrees in accounting, finance and real estate. Mr. Hovnanian serves as a member of the Advisory Council of PNC Bank and spends a significant amount of time working with several charitable organizations. He served on New Jersey’s Council on Affordable Housing for Governor Thomas Kean in 1985 and for Governor James J. Florio in 1990. Governor Christie Todd Whitman appointed him as a member of the Governor’s Economic Master Plan Commission in 1994.