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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(c) On March 29, 2018, the Company made a public announcement of the following appointments:
On March 21, 2018, Lynn Jochim, 54, was appointed as the Company’s
Co-Chief
Operating
Officer. Ms. Jochim served as the Company’s Executive Vice President from May 2016 until her appointment as
Co-Chief
Operating Officer. From 2009 until May 2016, Ms. Jochim worked for the
management company, being principally responsible for Great Park Neighborhoods, and in 2010 she became Executive Vice President of the management company. Prior to moving to Orange County to join the management company, Ms. Jochim worked for
Lennar for 10 years, including as Regional Vice President of Lennar Communities in the San Francisco Bay Area, where she was involved in the development of Lennar’s master planned communities. Before joining Lennar, Ms. Jochim worked for
Ernst & Young San Francisco Real Estate Consulting, where her assignments included financial and feasibility analysis for base reuse projects in the San Francisco Bay Area and corporate real estate analysis for Fortune 500 companies. In the
early 1990s, Ms. Jochim
co-founded
a minority and women-owned business that contracted with the Resolution Trust Corporation and successfully managed and disposed of a large portfolio of commercial and
hotel assets, as well as loans. Ms. Jochim has previously served on the boards of the Oakland Children’s Hospital and the Orange County Business Council and as a president and board member of the Building Industry Association (BIA) in
northern California. She also founded the BIA Women’s Education Council. She currently serves on the USC Lusk Real Estate Advisory Committee. Ms. Jochim received a Bachelor of Science degree in Business from California State University,
Sacramento with an emphasis in real estate, land use and finance.
On March 21, 2018, Kofi Bonner, 62, was appointed as the
Company’s
Co-Chief
Operating Officer. Mr. Bonner served as the Company’s Regional President-Northern California from May 2016 until his appointment as
Co-Chief
Operating Officer, leading development of the Company’s communities, The San Francisco Shipyard and Candlestick Point, as well as the communities the Company manages for Lennar, Treasure Island
and the Concord Naval Weapons Station. From 2005 until May 2016, Mr. Bonner was President of Lennar Urban, a division of Lennar. Before joining Lennar in 2005, he was Executive Vice President and Chief Administrative Officer of the
Cleveland Browns from 1998 to 2004, where he was responsible for the business affairs of the team and built the Cleveland Browns Stadium. From 2004 to 2005, Mr. Bonner served as the Regional Director and Executive Vice President of MBNA. Prior
to that, he served as Chief Economic Advisor to Mayor Willie Brown in San Francisco. Mr. Bonner also worked as Director of Community & Economic Development and Interim City Manager for the City of Oakland, Deputy Executive Director of
the San Francisco Redevelopment Agency, and Redevelopment Director for the City of Emeryville. Mr. Bonner is a 2011 UC Berkeley College of Environmental Design Distinguished Fellow and a former
non-resident
Senior Fellow of the Brookings Institution’s Metropolitan Leadership Council. In 2010, Lambda Alpha International’s Golden Gate Chapter named Mr. Bonner “Member of the
Year.” He currently serves on the Executive Committee of Bay Area Council where he
co-chairs
the Housing Committee. Mr. Bonner also is on UC Berkeley’s College of Environmental Design Advisory
Council, UC Berkeley Foundation’s Board of Trustees, and the Board of Trustees of the Rock and Roll Hall of Fame Museum (Cleveland).
On March 21, 2018, Greg McWilliams, 66, was appointed as the Company’s Chief Policy Officer. Mr. Williams served as the
Company’s Regional President-Southern California from May 2016 until his appointment as Chief Policy Officer. From 2004 until May 2016, Mr. McWilliams was President of Newhall Land & Farming. In this capacity, he has
managed the entitlement and development of the final planning phases of Valencia and has overseen the
entitlement and planning of Newhall Ranch. Mr. McWilliams served as President of Newhall Land & Farming when a joint
venture between Lennar and LNR, which owned Newhall Land & Farming, commenced proceedings under Chapter 11 of the Bankruptcy
Code. Prior to joining Newhall Land & Farming, Mr. McWilliams was at Lennar, most recently as
Regional
President of Lennar Urban Communities in California and as President of Lennar Communities in the Bay Area, where he managed complex development projects involving the transfer of military bases. Mr. McWilliams currently serves
as Chairman of the California Business Properties Association (CBPA) in Sacramento and Chairman of the Southern California Association of Governments Global Land Use and Economic Council. He also serves on the Executive Board and is former Chairman
of the Southern California Leadership Council (SCLC) and serves on the Board of Directors of the State of California Chamber of Commerce and the Building Industry Association. He also serves on the Board of Trustees of the Cal Arts Institute.
Mr. McWilliams received a bachelor’s degree from the University of Redlands and a law degree from Western State University.
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