Christopher M. Anderson, chief financial officer of MDC Holdings Inc., left the Denver-based home building giant on Nov. 5.
In a SEC document, MDC, parent of Richmond American Homes, said that Anderson will provide consulting services to MDC for 90 days. The consulting agreement began on Nov. 6. He is being paid $25,000 a month as a consultant and has agreed not to compete with MDC or to “solicit its employees or otherwise interfere with the Company’s business relationships for a period of one year following his retirement,” according to a SEC document.
“For the past two and a half years, Chris has been an integral part of our team,” Larry A. Mizel, MDC’s Chairman and Chief Executive Officer, said in a statement “As a leader in the company, Chris’ ability to identify and solve key business issues has led to long-lasting improvements to our operations. As the leader of the finance organization, he has been an excellent steward of our investment grade balance sheet and has consistently demonstrated strong financial integrity. We regret seeing him go and wish him well.”
Anderson was equally as gracious.
“I am honored to have had the opportunity to spend the past few years with MDC,” said Anderson. “I am grateful to senior management, the Board of Directors and the investment community for their support during my tenure, and I will do all that I can to ensure a smooth transition of my responsibilities over the next several months.”
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