Lennar Corp. (NYSE: LEN, LEN.B) announced that Rick Beckwitt will retire as a co-CEO and co-president and resign as a member of the homebuilder’s board of directors.
Beckwitt joined Lennar in March 2006 as executive vice president and became president in 2011 and CEO in 2018; Jon Jaffe joined him as co-CEO and co-president two years later.
Beckwitt’s retirement will be effective Sept. 1. Stuart Miller, executive chairman of Lennar, will take on the additional role of co-CEO while Jaffe will continue as co-CEO and president.
“It has been a true honor to work with the many extraordinary professionals at Lennar,” said Beckwitt. “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.”
