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LENNAR PROMOTES PARKER AND GROVE

Lennar promoted Jim Parker to chief operating officer and David Grove to executive vice president, homebuilding, effective immediately, elevating two longtime area presidents into top operating roles.

Parker had been leading Lennar’s East operations and Grove had been overseeing the West. Both will continue reporting to Stuart Miller, who holds the roles of executive chairman, chief executive officer and president.

Each brings three decades of homebuilding experience. Parker joined Lennar through its 2018 merger with CalAtlantic Homes, after earlier leadership roles at Ryland Homes, Standard Pacific, John Wieland Homes and Beazer Homes. Grove has spent his entire career at Lennar, joining in 1999 and moving through construction management and operations before becoming division president in 2004.

Grove led the San Antonio division for more than 10 years, then oversaw Austin and San Antonio before moving to Dallas in 2017 as division president of the Dallas-Fort Worth division. He became regional president for Texas in 2022 before taking on the area president role.

The promotions come as Lennar reshapes its homebuilding leadership bench with two executives who have each spent roughly 30 years in the industry and, in Grove’s case, 27 years at the company. As a result of these announcements, the company's shares have moved 0.6% on the market, and are now trading at a price of $91.03. If you want to know more, read the company's complete 8-K report here.

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