Yahoo! Finance tells MHProNews the Company does not presently intend to hire a replacement for Masters.
In January 2006, he led an investment group that acquired Deer Valley Homebuilders, Inc., from its founders and then was merged with a public entity. The consolidated company was subsequently renamed Deer Valley Corporation.
In response to the negative effect of the credit crisis in 2009, Masters led the company to establish Deer Valley Financial Corp. to provide financing for the company’s retailers.
Later, this service was expanded to include bridge financing for certain retail manufactured housing buyers.
Masters led his company through some unsettling times, but always believed in its success. “The factory built housing industry has been a major factor in providing affordable housing to average Americans with modest incomes or special housing needs,” he said. “In the last several years, the industry has been severely challenged by our nation’s credit crisis and high unemployment. Nevertheless, this is an industry filled with success stories of individuals or groups of individuals who have pooled resources and with honest effort, intense dedication and personal integrity built great companies. The men and women who have built Deer Valley are outstanding examples of such individuals. It has been my privilege to work alongside them for the past nine years as we have endeavored to build a company that would make a positive impact in an industry where the products truly are ‘Made in America.”
Google Finance lists the following as other key officers of Deer Valley:
John Steven Lawler – CFO, Executive Vice President, Director; Chief Financial Officer, Secretary and Treasurer of Deer Valley Homebuilders, Inc..
Joel Stephen Logan II – Chief Operating Officer, Director; President and Director of Deer Valley Homebuilders, Inc, Director.
Charles (“Chet”) L. Murphree Jr. – Vice President, General Manager of Deer Valley Homebuilders Inc; Director. ##
(Photo Credit: Deer Valley Corp.)
