Don L. Gervitz, Gregory P. Flynn, and...

Don L. Gervitz, Gregory P. Flynn, and Michael E. Klehm have been elected directors of Presley Cos., a Newport Beach home builder, expanding the board to nine members. The new directors are all representatives of an investment group that acquired Presley’s $340-million credit line from Bank of America earlier this year. Gervitz is chairman and chief executive of Foothill Group Inc., a financial services institution he co-founded in 1969. Flynn is managing director of ING Capital Holdings, a unit of Internationale Nederlanden Groep of Amsterdam, and Klehm is director of private placements of General Motors Investment Management Corp.