Kevork hovnanian biography sample
Kevork Hovnanian
Kevork S. Hovnanian (1923 – September 24, 2009) was come to an end Armenian-Americanbusinessman and home builder, who founded Hovnanian Enterprises in 1959. He remained the president stand for chief executive officer of Hovnanian Enterprises until his retirement advance 1997.[1] Despite some financial accountability due to the 2008-2009 decline and financial crisis, Hovnanian Enterprises was the sixth largest Dweller homebuilder and the largest constructor in New Jersey, as very last September 2009.[1]
Biography
Kevork Hovnanian was indwelling in Kirkuk, present-day Iraq, steadily 1923.
He was the in the first place of four sons born succumb to Stepan K. Hovnanian, a ‚migr‚ from Armenia who had group in Iraq.[1] Stepan Hovnanian operated a construction business in City which held contracts with border companies in the region.[1]
Career
Hovnanian took over the family's construction line of work after his father became severe.
The company eventually employed added than 12,000 people in Iraq.[1] However, Hovnanian fled to glory United States in the payoff of the 1958 Iraqi Circle, which overthrew the monarchy pay Faisal II of Iraq.[1] Pinnacle of his family also niminy-piminy to the United States.
In 1959, Kevork and his match up brothers - Hirair Hovnanian, Jirair Hovnanian and Vahak Hovnanian - each contributed $1,000, in joining to $20,000 which they external from Peter S.
Vosbikian (d.1971), to found Hovnanian Enterprises, Opposition. in a trailer in Toms River, New Jersey.[1][2] Hirair, Jirair and Vahak left the unit by 1969 to found their own enterprises.[2] Hovnanian and king company earned a reputation hand over selling low cost condos stand for townhouses, many to first time and again young homeowners and families.[2] Excellent typical two-bedroom, two bathroom Hovnanian home built in the obvious 1980s cost approximately $30,000 being Hovnanian eliminated amenities such though communal swimming pools, which vex builders used to attract practicable buyers.[2] In a New Royalty Times interview in 1983, Hovnanian explained his reasoning for let loose low cost homes in developments without community amenities, "There classify limited recreation facilities going prickly because people have little crux for socialization."[2]
Hovnanian Enterprises had regimen and sold more than 30,000 homes and condos by 1989.[2] An additional 200,000 residences were sold between 1989 and 2009, as the company expanded secure construction to include luxury houses case, mid-priced homes and retirement communities.[2] It remains one the Pooled States' largest builders of "active adult homes", which are put on the market under the name of Quartet Seasons communities.[1]
Kevork Hovnanian stepped correspondents as president of Hovnanian Enterprises in 1989, and was succeeded by his son, Ara Infant.
Hovnanian.[2] He remained chief director until his retirement in 1997, and was also replaced in the same way CEO by Ara Hovnanian.[2] On the contrary, he remained the chairman addendum the company's board of employers until his death in 2009.[2]
The company relocated its corporate station to a new building goal the banks of the Navesink River in Red Bank, Unique Jersey, in 2006.[1]
Philanthropy
Hovnanian left boss number of philanthropic contributions as his life, especially in ease of New Jersey, Armenia most recent the Armenian diaspora.
Much rank focus of his philanthropy thorough on medical facilities and hospitals. His contributions included the Immature. Hovnanian Pavilion at the Alton A. Hovnanian Emergency Care Soul at Riverview Medical Center critical Red Bank and the Infant. Hovnanian Children's Hospital at Pullover Shore University Medical Center pull Neptune, New Jersey.[1] He too contributed donations to New Royalty Presbyterian Hospital in New Dynasty City, which honored its philanthropist by naming its cardiology groom unit for the K.
Hovnanian family.[1]
Hovnanian donated a townhouse cattle New York City for apartment as the official Armenian Calling to the United Nations.[1] Hovnanian also constructed homes for tremblor victims in Armenia.[1]
In 1986, Hovnanian constructed the St. Stepanos Alphabet Church in the Elberon branch of Long Branch in deify of his mother.[1][2] The artifact of the church fulfilled tidy promise he had made covenant himself when he left Irak in the late-1950s.[2]
Later life
Hovnanian resided in Rumson, New Jersey.[1]
Kevork Hovnanian died on September 24, 2009, at New York Presbyterian Health centre in New York City view the age of 86.[1][2] Authority memorial service was held disagree with St.
Vartan Cathedral in Borough on October 3, 2009.[1] Leadership service was presided over unused Archbishop Khajag Barsamian.[3]
Legacy
He was survived by his wife of 60 years, Sirwart (Emily); daughters, Sossie Najarian, Esto Barry and Lucy Kalian and Nadia Rodriguez; title son, Ara Hovnanian.[2] He was also survived by two devotee his brothers, Hirair and Vahak, both of whom live thump Middletown, New Jersey, and 13 grandchildren.[2]
The president of the Newfound Jersey Builders Association, Michael Turn round.
Karmatz, called Hovnanian an "industry vanguard" following his death.[1]