Builder Hovnanian Enterprises' (HOV) Chief Accounting Officer Paul Buchanan will retire, executives said in a conference call with analysts and investors.

Buchanan has been with the company since 1981, according to his corporate bio. His replacement is being trained.

Late Tuesday, the New Jersey-based builder said it swung to a fiscal first-quarter loss of $64.1 million, or 82 cents a share, from a profit of $236.2 million, or $2.97 a share, a year earlier.

Shares of HOV are up 1.8% at $3.96.

-By Dawn Wotapka, Dow Jones Newswires; 212-416-2193; dawn.wotapka@dowjones.com
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