Lennar Corporation (NYSE: LEN and LEN.B) has announced the retirement of Jonathan Jaffe, co-CEO and president, effective December 31, 2025, after a distinguished 42-year career with the company. Following this retirement, Stuart Miller will continue to serve as executive chairman and chief executive officer of Lennar, with no plans to replace Mr. Jaffe’s role.
Mr. Jaffe joined Lennar in 1983 and rose through the organization to become co-CEO and president. Under his leadership, Lennar experienced national expansion, notably in California, and successfully integrated landmark acquisitions across the country.
Lennar's transition is aimed at remaking the organizational and cost structure to enable the company to build more affordable and attainable homes. The company is evolving, embracing technology, driving efficiency, and positioning for the future.
This strategic evolution is set to transform Lennar into a leaner, more efficient, technology-driven enterprise focused on building a healthier housing market and helping more families achieve the dream of homeownership. Following these announcements, the company's shares moved 0.3%, and are now trading at a price of $121.605. If you want to know more, read the company's complete 8-K report here.
