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The Bozzuto Group Appoints Mike Schlegel as Chief Operating Officer

September 19, 2018

The Bozzuto Group Appoints Mike Schlegel as Chief Operating Officer 3

GREENBELT, MD — September 19, 2018 — The Bozzuto Group announced today that as of April 1, 2019, Mike Schlegel will assume the role of Chief Operating Officer, marking a new milestone in the 30-year-old company’s strategy for expansion as a multigenerational, private business. At that time, Schlegel will take on the responsibilities previously held by co-founder Rick Mostyn, with Bozzuto Construction, Development, Home Building and Property Management reporting directly to him. Mostyn will remain as Vice Chairman, continuing to serve as mentor and advisor, as well as Investment Committee participant. Mark Weisner will assume the role of Bozzuto Construction President.

“Mike’s well-deserved transition to Chief Operating Officer is the next phase of a thoughtful and intentional long-term strategy to ensure continued success for the company,” says Toby Bozzuto, President and CEO of The Bozzuto Group. “During his nearly 20-year tenure with Bozzuto, Mike has shown an incredible ability to think strategically and lead effectively. His leadership has established Bozzuto Construction as a highly-respected industry leader, and I have no doubt that he will ensure our business continues to grow in professionalism, profitability, and reputation.”

Schlegel has worked with Bozzuto for 20 years, most notably as president of Bozzuto Construction Company. Since joining the company in 1999, he has overseen the construction of more than 25,000 apartments and over one million square feet of retail, with an aggregate contract value exceeding $3 billion. He also successfully expanded Bozzuto Construction’s operations to include more product types and geographic locations in the Mid-Atlantic. Schlegel’s focus on innovative thinking created a unique and talented workforce that holds integrity, inclusion and collaboration in the highest regard. Eighteen percent of Bozzuto Construction operations positions are held by women, exceeding the national average of 9 percent, and women, people of color, and veterans hold key leadership positions in the company, hiring practices that Schlegel intends to continue in his new role.

Mostyn will transition to his role as Vice Chairman of the company and will continue to work with Bozzuto’s leadership team, providing strategic counsel and guidance. Additionally, Mostyn will oversee acquisitions, insurance, and risk management programs.

With over 10 years working with Bozzuto Construction, Weisner will work closely with Bozzuto’s leadership team to continue BCC’s trajectory of growth and expansion to new markets and new product offerings.

About Bozzuto
The Bozzuto Group is an experience-focused real estate company that is continually celebrated for its developments, customer service and workplace culture. With an expertise in homebuilding, multifamily development, construction and management for itself and its clients, Bozzuto is devoted to crafting extraordinary experiences.

Founded in 1988, Bozzuto has developed, acquired and built more than 42,000 homes and apartments. Celebrating its 30th anniversary this year, Bozzuto currently manages 70,000 apartments and 2 million square feet of retail space along the East Coast, in Miami, Boston and the Northeast, and Chicago. www.bozzuto.com

CONTACT: Chintimini M. Keith
Director of Corporate Communications and Marketing
(O) 301.446.2274

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