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PulteGroup board opts not to nominate independent director

PulteGroup Inc.independent director James Grosfeld will not be nominated to stand for electionto the company's board at the 2016 annual shareholder meeting slated for May 4.

The board, after the company's preliminary proxy filing, decidedagainst nominating Grosfeld due in large part to "differing points of view"between him and the other independent directors regarding succession planning andother business strategy matters, according to an April 4 filing.

PulteGroup earlier the same day disclosed that company founderBill Pulte, Pulte's grandson and Grosfeld had called for an immediate CEO changeand "a different direction for the company," prompting Richard Dugas Jr.'sdecision to retire aschairman and CEO of the company at the May 2017 annual meeting.

Grosfeld was appointedto serve as a board member of PulteGroup in December 2015. He also serves on theboard's finance and investment committee.