Bud Ohly
A longtime head of one of Richmond’s biggest homebuilders has left the company.
Bud Ohly, who had been president of Eagle Construction of VA, is no longer with the Henrico County-based firm.
Ohly left his post late last month, said Bryan Kornblau, Eagle’s Construction’s founder and chairman.
Kornblau would not comment as to the nature of Ohly’s exit.
Ohly also would not comment on his departure or regarding where he may land next.
Kornblau started Eagle Construction in 1984 and brought Ohly into the fold two years later. They grew it into what became the Eagle Cos., an umbrella firm with arms in residential and commercial construction and realty and an in-house title company.
Ohly’s departure comes about a year after the Eagle Cos. were acquired by local insurance giant Markel. Markel’s acquisition arm paid an undisclosed sum in the deal and had initially left Eagle’s leadership intact.
Eagle has tapped Steven Settlage as its new president, Kornblau said.
Settlage came to company in 2011 as Eagle took on many of the projects started by his former development firm, the Tascon Group.
Settlage now oversees Eagle Construction’s more than 100 employees at its headquarters in West Broad Village. The company has work ongoing at about 15 developments throughout the Richmond and Hampton Roads markets, Kornblau said.
Eagle Construction built 303 homes in 2013, an increase from 193 homes built in 2012, according to numbers submitted to Richmond BizSense earlier this year. It sold 261 homes last year, up from 143 in 2012.
Those figures made Eagle the region’s second largest homebuilder for 2013, according to the BizSense rankings, trailing only Ryan Homes.
Bud Ohly
A longtime head of one of Richmond’s biggest homebuilders has left the company.
Bud Ohly, who had been president of Eagle Construction of VA, is no longer with the Henrico County-based firm.
Ohly left his post late last month, said Bryan Kornblau, Eagle’s Construction’s founder and chairman.
Kornblau would not comment as to the nature of Ohly’s exit.
Ohly also would not comment on his departure or regarding where he may land next.
Kornblau started Eagle Construction in 1984 and brought Ohly into the fold two years later. They grew it into what became the Eagle Cos., an umbrella firm with arms in residential and commercial construction and realty and an in-house title company.
Ohly’s departure comes about a year after the Eagle Cos. were acquired by local insurance giant Markel. Markel’s acquisition arm paid an undisclosed sum in the deal and had initially left Eagle’s leadership intact.
Eagle has tapped Steven Settlage as its new president, Kornblau said.
Settlage came to company in 2011 as Eagle took on many of the projects started by his former development firm, the Tascon Group.
Settlage now oversees Eagle Construction’s more than 100 employees at its headquarters in West Broad Village. The company has work ongoing at about 15 developments throughout the Richmond and Hampton Roads markets, Kornblau said.
Eagle Construction built 303 homes in 2013, an increase from 193 homes built in 2012, according to numbers submitted to Richmond BizSense earlier this year. It sold 261 homes last year, up from 143 in 2012.
Those figures made Eagle the region’s second largest homebuilder for 2013, according to the BizSense rankings, trailing only Ryan Homes.
Bud is a great guyand did a tremendous job at Eagle.I expectvhim to be back in the news again shortly with an announcement of a new venture.