DAVID CHELLGREN

Chief Financial Officer

Mr. David Chellgren joins Penn-Florida Companies with more than 20 years of experience in finance, real estate development, construction and project management working for large residential developers throughout the Southeast. Prior to joining Penn-Florida Companies, Mr. Chellgren served as Chief Financial Officer, and promoted to President, of Devcon LTD, a dredging, civil, and marine contractor with operations throughout the Caribbean. He also served as Deputy Director with the Indiana Office of Management and Budget where he initiated and oversaw the $3.8 billion lease of the Indiana Toll Road, the largest transportation infrastructure privatization in U.S. history at the time. Mr. Chellgren began his career in engineering and operations with Fortune 500 firms in the chemical industry.

Mr. Chellgren earned an MBA from Harvard Business School and holds a Bachelor of Chemical Engineering from Georgia Tech. He is a certified general contractor in Florida.