The Columbia, South Carolina-based residential homebuilder United Homes Group Inc. (NASDAQ: UHG) announced the appointment of John G. (Jack) Micenko Jr., as CEO and Jeremy Pyle as co-chief operating officer (COO).
Micenko succeeds James M. (Jamie) Pirrello, who previously served as the company’s interim CEO and will continue to serve on the board of directors. Micenko was previously a managing director at BTIG LLC, where he led the firm’s Housing Ecosystem investment banking practice. Before his tenure at BTIG, he held similar roles at Susquehanna International Group LLP, Lehman Brothers Holdings Inc., and Friedman Billings Ramsey Group.
Pyle was previously the company’s co-executive vice president of construction services, where he oversaw and directed all construction activities for the company. Shelton Twine, also a COO of the company, will continue as a co-COO along with Pyle.
Along with the executive shifts, the company also announced the formation of a special committee of independent directors to review strategies to “maximize shareholder value” that includes the potential sale of the company and its assets.
“We are committed to maximizing value for all of our shareholders,” said Michael Nieri, co-founder and executive chairman. “We believe that now is the appropriate time to evaluate a range of potential strategic alternatives, and we are confident in Jack’s ability to lead UHG as we explore these alternatives.”
