#United States #Scottsdale #Corporate Governance #Taylor Morrison #Darrell Sherman

Taylor Morrison's Long-Time Legal Leader to Retire

In a notable announcement from Taylor Morrison Home Corporation, one of America's leading homebuilders, Darrell Sherman, the Executive Vice President, Chief Legal Officer, and Secretary, is set to retire after a commendable tenure of nearly 16 years. His retirement will take effect on May 31, 2025, marking the end of an era for the company that has positioned itself as America's Most Trusted® Home Builder.

Legacy of Service

Darrell Sherman's impact on the organization has been profound. During his tenure, he provided exceptional legal counsel and oversight that significantly enhanced corporate governance and bolstered the company's position in various critical areas including finance, land acquisition, and risk management. His steadfast guidance has aided Taylor Morrison in navigating complex legal landscapes while supporting the company's strategic growth initiatives.

Sherman's journey with Taylor Morrison began years ago, and his transition into retirement is driven by a call to serve as a mission president for the Church of Jesus Christ of Latter-day Saints, a commitment that reflects his deep personal values. His new role will commence in June 2025, allowing him to devote his time to this significant mission.

The Transition

Following Sherman's departure, Todd Merrill will succeed him as the new EVP, Chief Legal Officer, and Secretary, effective June 1, 2025. Merrill has been a vital member of Taylor Morrison’s legal team since August 2004 and has served in various roles, currently holding the position of Vice President and General Counsel of Operations. His experience in real estate law and his impressive educational background, including a Juris Doctor degree from Florida State University, prepare him well for this new challenge.

Sheryl Palmer, the Chairman and CEO of Taylor Morrison, expressed confidence in Todd’s capabilities, affirming that his comprehensive experience within the company will be invaluable as they navigate the company’s future. “Todd has been a key member of the legal team at Taylor Morrison for over 20 years and is well prepared to assume this new position,” Palmer noted.

Looking Ahead

As Taylor Morrison transitions into this new chapter, it holds a strong promise of continued leadership in the homebuilding industry. The company, headquartered in Scottsdale, Arizona, serves a diverse demographic across the nation, catering to various buyer segments ranging from first-time homebuyers to luxury clientele. Its commitment to quality and service has consistently earned it recognition, such as being named America's Most Trusted® Builder by Lifestory Research from 2016 through 2025.

Moreover, Taylor Morrison’s focus on sustainable operations is highlighted in its annual Sustainability and Belonging Report, which underlines its dedication not only to building homes but also to nurturing communities and fostering environments where families can thrive.

As the construction industry continues to evolve, insights and strategies garnered during Sherman’s leadership will undoubtedly influence the future strategic decisions of Taylor Morrison under the new leadership of Todd Merrill. The company, with its foundation of accountability and strong governance, is poised to face new challenges and achieve significant milestones in the years to come.

In closing, Taylor Morrison extends heartfelt congratulations to Darrell Sherman on his retirement and wishes him success in his upcoming endeavors, embracing his legacy and the bright future ahead for the company as it continues to build homes and communities across the nation.