Lennar announces new boss as CEO retires

Executive chairman steps in as co-CEO

Lennar announces new boss as CEO retires

Home construction company Lennar has announced that Rick Beckwitt will retire as a co-CEO and co-president and resign as a board of directors member, effective September 1.

Beckwitt steps down from the company after 17 years at the helm. He joined Lennar 2006 as executive vice president and was later named CEO in 2018. Lennar brought on Jon Jaffe in 2020 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," Lennar said in its release. "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."

Stuart Miller will continue as executive chairman and will additionally serve as co-CEO to lead Lennar in partnership with Jaffe, Co-CEO and president.

"It has been an honor to work with Rick, who is widely regarded as one of the most talented professionals in our industry," Miller said. "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."

Read more: Lennar board member passes away

"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," Jaffe said. "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."

"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."

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