Century Communities, Inc. has announced a leadership transition as part of its succession planning, electing James Francescon to the position of President effective January 1, 2027. He will succeed Robert J. Francescon, who will continue to serve as Chief Executive Officer. Concurrently, the Board determined that Robert J. Francescon will become the Company’s sole principal executive officer, ending the co-CEO arrangement with Dale Francescon, who will retain his role as Executive Chairman.
James Francescon, age 37, has been with Century Communities for over seven years. He most recently served as Executive Vice President of Corporate Operations, a position he has held since November 2023. Prior to that, he served as President of Century Living from September 2021 to December 2024 and as Corporate Vice President from April 2019 to September 2021. In his current role, he oversees corporate operations, including homebuilding, land, strategy, business development, and mergers and acquisitions. He has led the Company’s acquisition strategy, including the recent purchases of HistoryMaker Homes, Anglia Homes, and Landmark Homes of Tennessee.
Before joining Century Communities, Mr. Francescon worked in private equity at GoldPoint Partners, a subsidiary of New York Life Investments, and in investment banking at J.P. Morgan Securities LLC. He holds a Bachelor of Science in Business Administration with a concentration in Finance and Real Estate and a Master of Science in Finance from the University of Denver.
In connection with the promotion, the Compensation Committee approved an employment agreement effective January 1, 2027. The agreement stipulates an annual base salary of $750,000 and a target annual bonus opportunity equal to at least 200% of his base salary. The agreement also includes eligibility for equity awards, reimbursement for term life insurance premiums, and an automobile and cell phone allowance. It provides for severance protections if employment is terminated without cause or for good reason, with an initial five-year term and automatic one-year extensions.
The Compensation Committee also granted Mr. Francescon a promotional restricted stock unit award covering 35,008 shares of common stock, which will vest in three equal annual installments. Additionally, the Company approved an aircraft time-sharing agreement governing personal use of the Company’s aircraft. As is standard, the Company will enter into a written indemnification agreement with Mr. Francescon.
