Forestar to shift leadership as Tomnitz retires and Oxley takes the chairman role
Forestar Group says Donald Tomnitz steps down as executive chairman on October 31, and CEO Andy Oxley takes that role from November 1, 2026.
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what happened
Forestar Group Inc. said Donald (Don) Tomnitz will retire as executive chairman of its board effective October 31, 2026. From November 1, Anthony (Andy) Oxley, who remains president and chief executive, will also take the chairman role. The announcement was reported by TradingView and Reuters.
Tomnitz has led the board since October 2017 and will stay on as a consultant for two years. Oxley has been CEO since January 2024 and will keep running the management team in his broader role. The company develops residential lots across 65 markets in 24 states and is a majority-owned subsidiary of D.R. Horton.
why it matters
The leadership change is routine and unlikely to move the stock on its own. What matters more is that one executive now holds both the chairman and CEO roles, while the shares still track US housing demand and the results of parent D.R. Horton, the largest US homebuilder by volume.
tags
instruments
sources
- Forestar Group Inc. Announces Retirement of Donald J. Tomnitz as Executive Chairman and Appointment of Anthony W. Oxley as Executive Chairman and Chief Executive Officer — TradingView, 28 October 2026 at 21:41 UTC
- Forestar Group Inc. Announces Retirement Of Donald J. Tomnitz As Executive Chairman — Reuters, 28 October 2026 at 21:47 UTC
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