Photographer: Daniel Acker/Bloomberg

PulteGroup CEO Dugas to Resign Under Pressure From Founder

  • Shares fall 6.6% on news of retirement, effective May 2017
  • Bill Pulte, grandson and director demanded immediate change

PulteGroup Inc.’s board is in a dispute with its founder and largest shareholder over the homebuilder’s direction, leading to the planned departure of longtime chief executive officer Richard Dugas.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.