J. Larry Sorsby served as the Chief Financial Officer and Executive Vice President of Hovnanian Enterprises, Inc. for over two decades, with a career spotlight on finance that spans its roots. He guided the firm through financial climates and successfully...

J. Larry Sorsby served as the Chief Financial Officer and Executive Vice President of Hovnanian Enterprises, Inc. for over two decades, with a career spotlight on finance that spans its roots. He guided the firm through financial climates and successfully achieved performance metrics that earned him substantial bonuses. Larry has an accounting background with a B.S. from the University of Delaware, giving him the know-how to drive the company’s growth. He was proactive in aligning executive pay with company performance, which illustrates his commitment to shareholder value. In 2023, Larry received a total compensation of approximately $11 million, which included a hefty bonus reflecting exceptional performance in various financial categories. Interestingly, on June 20, 2023, it was announced that he intended to retire later that year, but he would continue serving on the Board of Directors. His tenure has not only seen him manage the financial intricacies of the company but also invest significant personal wealth in it. Over recent years, Larry’s insider activities highlighted a peak in stock trading volumes, marking his belief in the company's trajectory and resilience.