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RISMEDIA, Dec. 19, 2008-P. Wesley Foster, Jr., founder, chairman, and CEO of the Long & Foster Companies, announced the promotion of George T. Eastment, as vice chairman of The Long & Foster Companies, comprised of Long & Foster Real Estate, Inc., one of the largest, privately owned real estate companies in America, Prosperity Mortgage Company, Long & Foster Insurance Agency, Inc., and Long & Foster Settlement Services.

eastment2.jpgEastment has been president of Long & Foster’s Financial Services since 2004. Prior to that, he served as executive vice president from March 1996 to December 2003. Eastment has held numerous senior management positions since joining Long & Foster in 1972 as controller, when the firm was in its fourth year. He was promoted to financial vice president in 1977 and senior vice president in 1982.

According to Foster, “George’s promotion to this newly created position solidifies our senior management team. It has been his financial expertise all along that has enabled the 40-year-old company to prudently grow to the largest privately-owned real estate company,” Foster added.

Eastment is a 1972 graduate of The University of Virginia’s Darden School of Business in Charlottesville, Va., where he received an MBA, and he is an undergraduate of Manhattan College in New York City, where he received a BBA. He is a Certified Public Accountant and a Certified Financial Planner.

Eastment resides in Warrenton, Va. with his wife Tina. They have a son, Scott 22.

For more information, visit http://www.longandfoster.com/.

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