MIAMI, April 12, 2018 /PRNewswire/ -- Lennar
Corporation (NYSE: LEN and LEN.B), one of the nation's
leading homebuilders, today announced that its Board of Directors
has elected Stuart Miller,
Rick Beckwitt, Jon Jaffe, Bruce
Gross and Diane Bessette to
new executive positions with the Company. Today's announced
management changes recognize the hard work, effective leadership,
collaboration and significant contribution that each of these
executives have brought to Lennar over many years.
Stuart Miller will continue his
leadership role with Lennar as the newly appointed Executive
Chairman. As Executive Chairman, Mr. Miller will continue to
be actively involved in all aspects of the Company's operations and
continue to set the strategic direction for Lennar. Mr.
Miller has worked full time with Lennar for more than 35 years and
has served as its Chief Executive Officer for 21 years.
Rick Beckwitt has been elected as
the new Chief Executive Officer of Lennar. He also was
elected to the Lennar Board of Directors. Mr. Beckwitt has
worked with Lennar for 12 years and has been the Company's
President since 2011. Mr. Beckwitt has been involved in the
homebuilding and construction industry for more than 30 years.
Prior to joining Lennar, he was previously on the Board of
Directors of D.R. Horton, Inc., and held various executive officer
positions including President of the company.
Jon Jaffe has been elected as the
new President of Lennar and will continue as the Company's Chief
Operating Officer. He also was elected to the Lennar Board of
Directors. Mr. Jaffe has worked with Lennar for more than 30
years and has been the Company's Chief Operating Officer since
2004. Mr. Jaffe led the Company's expansion into California in 1995 and is responsible for
Lennar's dominant position in California and the Western United States.
Mr. Miller said, "Rick, Jon and I have operated a unique
partnership as leaders of Lennar to drive the day-to-day operations
of the Company to new heights and to expand new horizons. We have
not only driven growth and efficiency in our core operations but
have navigated the inception and growth of our multifamily
operations as well as guided our other ancillary businesses to
maturity. We are all energized and committed to continue to enhance
and expand this extraordinary company."
The Lennar Board of Directors also elected Bruce Gross as the new Chief Executive Officer
of Lennar Financial Services ("LFS"). Mr. Gross has worked with
Lennar for more than 25 years and has served as the Company's Chief
Financial Officer since 1997. He also has overseen LFS, which
includes Eagle Home Mortgage and North American Title. Starting in
the second quarter of 2018, LFS will include the operations of
Rialto Mortgage Finance and will target the expansion into a
broader range of structured finance solutions for real estate
assets.
Diane Bessette has been elected
as the new Chief Financial Officer of Lennar and will continue as
the Company's Treasurer. She has worked with Lennar for more than
23 years and has served as the Company's Treasurer since 2008 and
Controller from 1997 to 2008. Ms. Bessette's vast experience with
the Company enables Lennar to operate efficiently and with
confidence that integrity and precision are maintained in all of
the Company's reporting.
Sidney Lapidus, the Lead Director
of Lennar, said, "Lennar has always been recognized for its deep
and seasoned management team. Under the leadership of Stuart Miller, the executive team at Lennar has
worked hand in hand to navigate the housing collapse and the
subsequent recovery. Through their collaborative dedication and
hard work, Lennar has become the largest and most profitable
homebuilder in the country. These new management positions reflect
the significant contributions that each executive has made and will
continue to make to the Company's success and growth."
About Lennar
Lennar Corporation, founded in 1954, is
one of the nation's leading builders of quality homes for all
generations. Lennar builds affordable, move-up and active adult
homes primarily under the Lennar brand name. Lennar's Financial
Services segment provides mortgage financing, title insurance and
closing services for both buyers of Lennar's homes and others.
Lennar's Rialto segment is a vertically integrated asset management
platform focused on investing throughout the commercial real estate
capital structure. Lennar's Multifamily segment is a nationwide
developer of high-quality multifamily rental properties. Previous
press releases and further information about Lennar may be obtained
at the "Investor Relations" section of Lennar's website,
www.lennar.com.
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SOURCE Lennar Corporation