Business
Lennar Announces the Retirement of Jonathan Jaffe, Co-CEO and President
Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today announced that Lennar Co-Chief Executive Officer and President Jon Jaffe will retire effective December 31, 2025, following a distinguished 42-year career with the Company, and he will also step down from his role as a Director of the Board of the Company. After Mr. Jaffe's retirement, Stuart Miller will continue to serve as Executive Chairman and serve as Chief Executive Officer of Lennar, with no plans to
About this update from Lennar Corporation
[{"type":"text","content":"MIAMI, Nov. 14, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today announced that Lennar Co-Chief Executive Officer and President Jon Jaffe will retire effective December 31, 2025, following a distinguished 42-year career with the Company, and he will also step down from his role as a Director of the Board of the Company. After Mr. Jaffe's retirement, Stuart Miller will continue to serve as Executive Chairman and serve as Chief Executive Officer of Lennar, with no plans to replace Mr. Jaffe's role.","length":580,"tagName":"p"},{"type":"text","content":"Mr. Jaffe joined Lennar in 1983 as an assistant superintendent in Tampa, and through decades of hard work, unwavering commitment, and numerous value-add successes, rose through the organization to become Co-CEO and President. Throughout his tenure, Mr. Jaffe exemplified a relentless focus on operational excellence and execution, guiding Lennar through defining moments and driving its national expansion, notably in California. His leadership was instrumental in integrating landmark acquisitions across the country, and in steering the Company through challenges from Hurricane Andrew to the Great Recession with resilience and strength.","length":640,"tagName":"p"},{"type":"text","content":""Jon has been a driving force behind Lennar's success," said Mr. Miller. "His dedication, work ethic, and operational focus have provided mentorship and shaped our company into what it is today. Throughout his tenure, Jon has been a true warrior for Lennar and a trusted partner to me and to many across the business. Jon's retirement and its timing reflect the need for Lennar to remake our organizational and cost structure to enable us to build more affordable and attainable homes. As we continue to evolve—embracing technology, driving efficiency, and positioning for the future—Jon's legacy will serve as both foundation and inspiration for Lennar's ongoing transformation."","length":716,"tagName":"p"},{"type":"text","content":"Mr. Jaffe added: "It has been a privilege and a passion to spend more than 40 years at Lennar, working with such talented and dedicated people to help build this organization into one of the nation's leading homebuilders. I'm proud of all we've acco...