Homebuilder Paul Estridge Jr. is stepping back from managing daily operations at Carmel-based Estridge Homes and transitioning the company to a newly appointed leadership team, although he plans to remain an owner and assist with strategic planning.
Carmel resident Clint Mitchell, who joined the company in 2015, is the new chief executive officer, and Westfield resident Rob McGraw, who has been with the company since 1995, is the new chief operating officer.
“The time has come, based on my age and personal capacities, to pass the torch to new leadership in the company,” Estridge stated in a press release. “Clint and Rob have truly become great leaders, running the daily operations for over a year now. With their guidance and the hard work of our entire team, our revenues and profits are the best we have experienced in seven years.”
Since joining Estridge, Mitchell has overseen sales, land acquisition and capital raising. The DePauw University graduate was senior vice president of business development at Mainstreet Capital before joining Estridge.
McGraw, a Purdue University graduate, will oversee homebuilding operations.
Estridge Homes closed 100 in 2020 and closed nearly 600 homes between 2014 to 2020.
The Estridge family of companies, launched by Paul Estridge Sr. in 1967, has developed more than 30 neighborhoods, including Harmony and Serenade in Westfield.
The company recently announced its first luxury townhome developments, Park West in Westfield and 16 Gateway in downtown Indianapolis.