Ryland Group taps Hoblitzell as CFO

February 01, 1991|By Liz Atwood | Liz Atwood,Evening Sun Staff

Alan P. Hoblitzell Jr., former chairman and chief executive officer of MNC Financial Inc., has been appointed executive vice president and chief financial officer of the Ryland Group.

Hoblitzell, 59, retired from the financially troubled Baltimore bank-holding company in September. He is to take on his new duties at the building and mortgage company Monday.

Separately, Ryland announced the formation of Ryland Trading Ltd., a subsidiary to develop international markets. Its president will be Thurman W. Bretz, who had been Ryland's chief financial officer.

Hoblitzell has served on the board of directors of the Columbia-based Ryland Group since 1972 and will remain a director.

"We are pleased to have Alan join us," said Roger W. Schipke, Ryland's chairman and chief executive officer. "He brings strong strategic talent to our team at a time when we are exploring new opportunities for growth. His financial experience positions him to play a major role in developing new sources of capital."

Bretz will continue as senior vice president and general counsel to the Ryland Group. Bretz joined Ryland in 1983 as general counsel and chief financial officer. Joseph P. Barker will be president of the trading company. Barker formerly served as vice president of manufacturing for Ryland Building Systems.

Ryland Trading initially will target countries with housing opportunities in the Middle East, Eastern Europe and Central America. The company is currently shipping building materials and components manufactured by Ryland Building Systems to meet the expanding demand for housing overseas.

Ryland Trading also will focus on providing technological support service in areas of housing design, plant layout and equipment selection.

"Ryland Trading Ltd. will capitalize on emerging international housing opportunities. The new company complements Ryland's strategic growth and diversification plans," Schipke said.

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