Homebuilder Hovnanian Enterprises (HOV) said Friday Kevork S. Hovnanian, the company’s founder and chairman of the board, died Thursday in New York. He was 86 years old.
Hovnanian founded the company in 1959, according to a statement. He served as president until 1988 and as chief executive officer until 1997, when his son, Ara, succeeded him.
“Mr. Hovnanian was the heart and soul of our company and all of our associates mourn this tragic loss. Our deepest condolences and prayers are with Mr. Hovnanian’s wife, Sirwart, and his entire family,” said J. Larry Sorsby, Hovnanian’s executive vice president and chief financial officer in a statement.
“Mr. Hovnanian was a visionary who brought tremendous leadership, energy and passion to his job. He made an indelible mark on this company and on the community, where he felt a responsibility and a deep commitment to share his good fortunes. He was a great man and will be dearly missed by all who knew him,” Sorsby said.
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