MIAMI—Longtime Lennar Corp. CEO Stuart Miller is stepping down from the post he has held for more than two decades and will be replaced by Rick Beckwitt, who has served as president of the national homebuilding concern for the past seven years.
Miller, who is the son of Lennar founder Leonard Miller, is staying on with the Miami-based homebuilding firm as the newly appointed executive chairman and will therefore continue to serve an active role in both the company's operations and its strategic direction. The 60-year-old executive has worked for the company full-time for more than 35 years. Lennar began operations in 1954.
The executive leadership changes were announced after a Board of Directors meeting on Thursday.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
