Forestar CEO Phillip Weber to step down
Forestar Group Inc. said Thursday Chief Executive Phillip Weber will step down, effective Dec. 28, after 27 months in the role. The company has named Daniel Bartok, most recently executive vice president of Wells Fargo & Co.'s Owned Real Estate business, as CEO effective Dec. 29. On Oct. 5, the residential and real estate development company agreed to have 75% of its outstanding shares acquired by home builder D.R. Horton Inc. . Forestar's stock, which was still inactive in premarket trade, has soared 66% year to date, while the S&P 500 has gained 20%.
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