FORESTAR GROUP INC.

Executive Team

Donald J. TomnitzExecutive Chairman

Donald J. Tomnitz is Executive Chairman of the Board of Forestar, a position he has held since October 2017. Prior to Forestar, he served as the Vice Chairman and Chief Executive Officer of D.R. Horton, Inc. from November 1998 to September 2014. He was a Vice President in charge of various divisions of D.R. Horton from 1983 until he was elected Vice President-Western Region in 1994. From 1996 until 1998, Mr. Tomnitz was President of the Company’s Homebuilding Division. In 1998, he was elected an Executive Vice President of the Company and in 2000, he became President. Before joining D.R. Horton, Mr. Tomnitz was a captain in the U.S. Army, a Vice President of RepublicBank of Dallas, N.A., and a Vice President of Crow Development Company, a Trammell Crow Company.

Mr. Tomnitz holds a Bachelor of Arts Degree in economics from Westminster College and a Master of Business Administration in finance from Western Illinois University.

Anthony W. OxleyPresident and Chief Executive Officer

Anthony (Andy) W. Oxley is President and Chief Executive Officer of Forestar, positions he has held since January 2024. Prior to Forestar, he was D.R. Horton’s Senior Vice President – Business Development and oversaw all M&A activity and new market opportunities for start-up divisions. During his 25-year tenure with the national homebuilder, he was active in land acquisition, land banking and development, homebuilding and day-to-day division operations. Additional responsibilities included property, technology and innovation investments. Prior to joining D.R. Horton in 1998, he was a partner at the Atlanta-based law firm Hyatt & Stubblefield, P.C.

Mr. Oxley holds a Bachelor of Arts degree in history from the University of Northern Iowa and a Juris Doctorate from Emory University.

James D. AllenExecutive Vice President, Chief Financial Officer and Treasurer

James D. Allen is Executive Vice President, Chief Financial Officer and Treasurer of Forestar, positions he has held since March 2020. Mr. Allen joined Forestar with over 35 years of operating and financial experience in multiple industries including manufacturing, most recently serving as a Senior Operating Partner at Palm Beach Capital where he was responsible for operational oversight and executive and financial support of the firm’s portfolio companies. Prior to joining Palm Beach Capital, he served as CFO of Hollander Sleep Products and held a variety of executive roles at both private and public companies, including Operating Vice President and Group CFO at Sun Capital Partners, Chief Administrative Officer at Mattress Firm Inc. and a variety of C-Suite roles at Tandycrafts Inc. after spending 10 years at PricewaterhouseCoopers where he began his career.

Mr. Allen holds a Bachelor of Business Administration in accounting and management from Evangel University.

Mark S. WalkerExecutive Vice President and Chief Operating Officer

Mark S. Walker is Executive Vice President and Chief Operating Officer of Forestar, positions he has held since October 2022. Mr. Walker joined Forestar in February 2019 as a Region President overseeing operations in the East. His oversight responsibilities consistently expanded throughout his tenure to include the Mid-Atlantic, North and Texas regions. Prior to joining Forestar in February 2019, he was a Vice President in land acquisition and development at D.R. Horton, Inc. from January 2012 to January 2019. He has over 20 years of residential real estate experience and has held a variety of operational roles at both public and private homebuilders.

Mr. Walker holds a Bachelor of Business Administration in general business from the University of Georgia.