MIAMI, July 14,
2023 /PRNewswire/ -- Lennar Corporation (NYSE: LEN
and LEN.B), one of the nation's leading homebuilders, announced
today that after 17 years with Lennar, Rick
Beckwitt has decided to retire as a Co-CEO and Co-President
and resign as a member of the Board of Directors of the
Company.
Mr. Beckwitt joined Lennar in March
2006 as Executive Vice President. He was a member of the
executive team and worked diligently to weather the collapse of the
housing and finance industries during the Great Recession of 2008.
Through teamwork and dedication, Lennar was able to stabilize and
fortify its foundation, setting the stage for growth and
productivity. By April 2018, Mr.
Beckwitt became Chief Executive Officer of Lennar and in 2020, he
was joined by Jon Jaffe as Co-CEO
and Co-President.
During his time with Lennar, the landscape of the industry has
changed significantly, and Mr. Beckwitt worked closely with leaders
across the organization to grow the business, to improve
productivity, and to innovate. The impact of his leadership will
continue to be reflected in the years to come, as Lennar evolves,
grows, and continues a tradition of outstanding performance. The
Company is thankful for Mr. Beckwitt's hard work and dedication
over the years and his thoughtful approach to its business.
Mr. Beckwitt said, "It has been a true honor to work with the
many extraordinary professionals at Lennar. Together, we have built
a best-in-class homebuilding giant that is a source of pride and a
model of excellence in the industry. I am very proud to have been a
part of the many successes that have been recorded over
the past years and want to wish the Lennar Associates great
success in the future as they continue to execute, innovate, and
lead."
"It has been an honor to work with Rick, who is widely regarded
as one of the most talented professionals in our industry," said
Stuart Miller, Executive Chairman of
Lennar. "Our partnership spans decades, and I am appreciative of
his contributions in helping our land, homebuilding and multifamily
operations rise to new levels. With the help of Rick's partnership
over these past 17 years, we are very well positioned for continued
growth, improved productivity, and innovation in the future."
Jon Jaffe, Co-CEO and
Co-President, added, "Rick has been a true day-to-day partner and
team player as we have overseen operations across the platform and
mapped strategy for execution. Over these past years, we have grown
revenues and improved efficiencies across the Lennar platform while
building and maintaining a team-oriented atmosphere in the process.
I am grateful for all Rick has helped Lennar accomplish over his 17
years as part of the Lennar family."
Mr. Beckwitt's retirement will be effective September 1, 2023. With this change, Mr. Miller
will continue as Executive Chairman and will
additionally become Co-CEO to lead Lennar in partnership with
Mr. Jaffe, Co-CEO and President.
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 and closing
services primarily for buyers of Lennar's homes and, through LMF
Commercial, originates mortgage loans secured primarily by
commercial real estate properties throughout the United States. Lennar's Multifamily
segment is a nationwide developer of high-quality multifamily
rental properties. LENX drives Lennar's technology,
innovation and strategic investments. For more information about
Lennar, please visit www.lennar.com.
Contact:
Ian Frazer
Investor Relations
Lennar Corporation
(305) 485-4129
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SOURCE Lennar Corporation
