Lennar Announces the Retirement of Jonathan Jaffe, Co-CEO and President

Core Insights - Lennar Corporation's Co-CEO and President Jon Jaffe will retire on December 31, 2025, after a 42-year career with the company, with no plans to replace his role [1][2] - Stuart Miller will continue as Executive Chairman and CEO, emphasizing a strategic evolution towards a more efficient, technology-driven organization focused on affordable housing [1][3] Leadership Transition - Jon Jaffe joined Lennar in 1983 and rose through the ranks, demonstrating a commitment to operational excellence and guiding the company through significant challenges [2] - His leadership was crucial in expanding Lennar nationally, particularly in California, and in integrating major acquisitions [2] Future Strategy - The retirement of Jon Jaffe is seen as an opportunity for Lennar to streamline its leadership and enhance management efficiency to promote affordability in housing [3] - The company aims to evolve into a leaner, technology-driven enterprise to support a healthier housing market and assist more families in achieving homeownership [3] Company Overview - Lennar Corporation, founded in 1954, is a leading builder of quality homes across various segments, including affordable and active adult homes [4] - The company also provides financial services, including mortgage financing and title services, primarily for its homebuyers [4]