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Hovnanian Enterprises, Inc. (HOV) announced that its Board of Directors has appointed Ara K. Hovnanian as Chairman of its Board of Directors, in addition to his positions as President and Chief Executive Officer of the Company.
Mr. Ara K. Hovnanian will succeed Mr. Kevork S. Hovnanian, the founder of the Company, who served as Chairman of the Board of Directors up until his death in September 2009.
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