Rules require personal watercraft use to cease one hour before sunset. Police are continuing to investigate but a spokesman for the NJ Police said that the death was simply a tragic accident.

Ara K. Hovnanian. In the evening of the funeral, a memorial service for Ara was scheduled to take place at Rumson Country Day School. As of 13 January 2020 he still owns at least As the Chairman of the Board, President, and Chief Executive Officer of Hovnanian Enterprises, the total compensation of Ara Hovnanian at Hovnanian Enterprises is $5,802,430. There are 6 older and 1 younger executives at Hovnanian Enterprises. Alton, the oldest of Ara Hovnanian’s three children, was a recent graduate of Rumson Country Day School. The estimated Net Worth of Ara K Hovnanian is at least The largest trade he's ever made was exercising 407,582 units of Hovnanian Enterprises stock on 1 January 2011 worth over $2,200,943. 17-Dec-1987, d. 2002 watercraft accident) The spokesman said the teen should not have been operating a personal watercraft after dark. Because of this tragic death in the Hovnanian household, the 15th anniversary celebration of St. Stepanos Church of Elberon, NJ, set for this Sunday, July 21, 2002 has been postponed, along with similar other activities in the community.

He was found shortly afterward, floating unconscious in the water by the caretaker of the family's house, and was pronounced dead at the scene. Track performance, allocation, dividends, and risks
The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ. There are no executives at Hovnanian Enterprises getting paid more.

Alton Ara Hovnanian, Son of Ara and Rachel Hovnanian and Grandson of Kevork Hovnanian, Killed in Personal Watercraft Crash in NJ . The Homebuilding Operation segment consists of the following geographical segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Hovnanian Enterprises executives and other stock owners filed with the SEC include: It was expected that the sailboat and watercraft would be removed from the water this Thursday once the tide rose. Ara Hovnanian is 62, he's been the Chairman of the Board, President, and Chief Executive Officer of Hovnanian Enterprises since 2009. Ara K. Hovnanian occupies the position of Chairman, President & Chief Executive Officer at Hovnanian Enterprises, Inc. and President & Chief Executive Officer of K. Hovnanian Enterprises, Inc. (a subsidiary of Hovnanian Enterprises, Inc.). It operates through the following segments: Homebuilding Operation, Financial Services, and Corporate. On average, Ara trades about 37,048 units every 35 days since 2003. MIDDLETOWN, NJ - Alton Ara Hovnanian, 15, of the Locust section of Middletown, the son of Ara Hovnanian and the grandson of philanthropist Kevork Hovnanian, was killed Monday night when the personal watercraft he was operating near the Oceanic Bridge slammed into a moored sailboat. The Financial Services segment offers mortgage loans and title services to the customers of homebuilding operations. The teen was camping on a nearby island with friends and was reported missing around 11 p.m. when he failed to call his mother on his cellular telephone to let her know he was safe. Private funeral services were slated to be held at St. Stepanos Armenian Church in Elberon, NJ Thursday morning, followed by a memorial dinner at the Molly Pitcher Hotel in Red Bank, NJ. The estimated Net Worth of Ara K Hovnanian is at least $114 Million dollars as … Born: c. 1957 Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Hovnanian Enterprises Father: Kevork S. Hovnanian (Founder of Hovnanian Enterprises) Mother: Sirvart Wife: Rachel Robertson Lee (m. 23-Feb-1985, two sons) Son: Alton Ara Hovnanian (b.

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