FORT WORTH, Texas--(BUSINESS WIRE)--Nov. 19, 2007--D.R. Horton,
Inc., (NYSE:DHI), America's Builder, Monday (November 19, 2007)
reported that Bob G. Scott has joined its Board of Directors as an
independent director effective November 16, 2007. Mr. Scott has also
been appointed as a member of the Audit, Compensation and Nominating
and Governance Committees.
Mr. Scott is currently retired from his most recent position as
Chief Financial Officer and Chief Operating Officer of Summit
Bancshares, Inc. of Fort Worth, Texas, a position he held from 1994 to
2006. Mr. Scott was also the controller and treasurer of an NYSE
listed company for approximately 20 years, an auditor for an
international public accounting firm for approximately three years and
an officer in the United States Air Force, resigning his commission
with a rank of Captain to join the private sector. He received his
B.B.A. in accounting from Texas Tech University in 1960.
Donald R. Horton, Chairman of the Board, said, "We are pleased to
welcome Bob to our Board of Directors. The Company will benefit from
his strong financial background and his experience as an officer with
a public company. Bob strengthens the composition of our board which
now includes five independent directors and three members of
D.R. Horton, Inc., America's Builder, is the largest homebuilder
in the United States. Founded in 1978 in Fort Worth, Texas, D.R.
Horton has expanded its presence to include 83 markets in 27 states in
the Northeast, Midwest, Southeast, South Central, Southwest,
California and West regions of the United States. The Company is
engaged in the construction and sale of high quality homes with sales
prices ranging from $90,000 to over $900,000. D.R. Horton also
provides mortgage financing and title services for homebuyers through
its mortgage and title subsidiaries.
WEBSITE ADDRESS: www.drhorton.com
D.R. Horton, Inc., Fort Worth
Stacey Dwyer, EVP, 817-390-8200
D.R. Horton, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding D.R. Horton's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.