GREENBELT, Md., Feb. 20, 2013 /PRNewswire/ -- The Bozzuto Group announced several changes to its executive team as the company begins to celebrate its 25th Anniversary. The announcements were made today by The Bozzuto Group Chairman and CEO Thomas S. Bozzuto.
Effective April 5, 2013, Co-founder of the company, Vice Chairman of The Bozzuto Group and President of Bozzuto Land Company John Slidell will be stepping down from the day-to-day operations of the company to pursue other interests. Mr. Slidell will continue to be involved with the organization as an owner and investor and will represent the company in select endeavors.
Secondly, Toby Bozzuto will be assuming the role as President of The Bozzuto Group, a newly created position. Currently President of Bozzuto Development Company, Mr. Bozzuto has been with the company since 2001 and will continue to play an important role in the generation of new business for Bozzuto Development Company in addition to assuming overall responsibility for the day-to-day direction of The Bozzuto Group.
And finally, Steve Strazzella will be moving into the position of President of Bozzuto Development Company. Previously, Mr. Strazzella was Executive Vice President of Bozzuto Development Company where he was responsible for a number of the company's largest and most complicated apartment projects. In his new role, Steve will preside over the team at Bozzuto that has responsibility for creating, planning, and execution of all new apartment developments.
Tom Bozzuto will continue as Chairman and CEO of the company and Rick Mostyn will continue in his role as Chief Operating Officer.
"My partners and I have built a company with strong values and great integrity and these changes reflect both continuity and our preparedness for the future," said Tom Bozzuto. "I am thrilled for my Partner John Slidell as he prepares to experience his next adventure, but I will miss his daily insight, guidance and wisdom. He is a loyal friend with a wealth of knowledge in all aspects of real estate development and he will continue to be an asset to this company."
"Toby has shown great leadership in his former position as President of Bozzuto Development Company. Working closely with Steve Strazzella and their colleagues at Bozzuto Construction and Management Companies, in the past year and a half, the professionals at Bozzuto Development Company have started almost three-quarters of a billion dollars' worth of new apartment communities," said Tom Bozzuto. "We have never experienced such tremendous growth in such a short time frame. The locations of these properties, combined with their innovative design features, reinforce the company's position as a national leader in the apartment industry."
About The Bozzuto Group
Headquartered in the Washington, D.C. area, The Bozzuto Group is a diversified residential real estate company consisting of six integrated companies – Acquisitions, Construction, Development, Homebuilding, Land Development and Property Management – that together provide a broad range of real estate services throughout the Mid-Atlantic and Northeast. The company is committed to providing quality housing for individuals of all income levels, producing everything from luxury homes and apartments to affordable housing solutions.
Throughout The Bozzuto Group's 25-year history, the company has developed acquired and built more than 35,000 homes and apartments and currently manages approximately 36,000 apartment units spread along the Atlantic Coast between northern Virginia and Boston. The firm and its principals have been honored with numerous industry awards and accolades, including having been recognized by the NAHB as the nation's premier apartment development company, and twice as management company of the year. For more information, please visit www.bozzuto.com.
SOURCE The Bozzuto Group