Lennar elects Rick Beckwitt as new CEO, Diane Bessette as CFO
Lennar (LEN) announced that its board has elected Stuart Miller, Rick Beckwitt, Jon Jaffe, Bruce Gross and Diane Bessette to new executive positions with the company. The 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, Miller will continue to be actively involved in all aspects of the company's operations and continue to set the strategic direction for Lennar. Miller has worked full time with Lennar for more than 35 years and has served as its CEO for 21 years. Rick Beckwitt has been elected as the new CEO of Lennar. He also was elected to the Lennar board. Beckwitt has worked with Lennar for 12 years and has been the company's president since 2011. 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 D.R. Horton (DHI) 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 COO. He also was elected to the Lennar board. Jaffe has worked with Lennar for more than 30 years and has been the dompany's COO since 2004. 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. The Lennar board also elected Bruce Gross as the new CEO of Lennar Financial Services, or LFS. Gross has worked with Lennar for more than 25 years and has served as the company's CFO since 1997. He also has overseen LFS, which includes Eagle Home Mortgage and North American Title. Starting in Q2, 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 CFO 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. 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.