United Homes Group Announces Executive Leadership Changes; On October 1, 2024, Michael Nieri, The Company's Founder, Chairman, And CEO, Will Transition To Executive Chairman Of The Company; Jamie Pirrello, Was Named Interim Chief Executive Officer Of The Company

United Homes Group, Inc. (the "Company") (NASDAQ:UHG), today announced that on October 1, 2024, Michael Nieri, the Company's founder, Chairman, and Chief Executive Officer, will transition to Executive Chairman of the Company. As Executive Chairman, Mr. Nieri will shift his leadership time and energies to focus primarily on the Company's strategic future. Concurrently with the effectiveness of Mr. Nieri's transition to Executive Chairman, Jamie Pirrello, currently a member of the Company's board of directors and a consultant to the Company, was named interim Chief Executive Officer of the Company. The Company's board of directors intends to undertake a search to identify the Company's next permanent CEO and will consider internal and external candidates.

During his tenure with the Company to date, Mr. Nieri has overseen the tremendous growth and transformation of the Company from the founding of Great Southern Homes in 2004 through its transition to becoming a public company in 2023. Mr. Nieri also helmed the Company through its completion of three homebuilder acquisitions since becoming a public company, and the Company's recent designation as 2024's Builder of the Year by Builder Magazine.