Fischer Homes, the nation’s 30th largest home builder, announced Monday that Tim McMahon has been promoted from president and chief operating officer to CEO.
Bob Hawksley, a 28-year veteran of Fischer Homes and the current chief executive officer, has been named CEO Emeritus.
Fischer Homes Chairman Greg Fischer, whose father, Henry, founded the company in 1980, said Hawksley was the first non-family member to serve as CEO of Fischer Homes.
“Bob has been a very important part of our company for many years,” Fischer said. “He helped define the culture and define who we are. I am eternally grateful to him for what he has done for our company as well as for what he has done for me. I started at Fischer when I was 18, so Bob is right there with my dad as far as how much he has helped me personally.”
Editor’s note: Greg Fischer is chairman of the LINK Media managing board.
Former Executive Vice President of Operations Jay Smith is moving into the role of COO.
Fischer said that McMahon and Smith have had tremendous impacts on Fischer Homes and have positioned the company for continued growth.
“We’ve had a lot of success in the last three years, showing tremendous growth, and I attribute a lot of that to the leadership of Tim and Jay,” Fischer said. “They have set us up to springboard to the next chapter, and I’m excited about the future and feel fortunate to have both of them leading our team.”
In the past five years, Fischer Homes has grown from 19,500 homes built to 32,000 homes, with a rise in annual revenue from $637 million to $1.5 billion. The company is the top home builder in Cincinnati, Northern Kentucky and Louisville and a leading builder in Dayton, Columbus, Indianapolis, St. Louis and Atlanta.
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