MIAMI, March 2 /PRNewswire-FirstCall/ -- Lennar Corporation
(NYSE: LEN and LEN.B) announced that Richard Beckwitt has joined the Company
as an Executive Vice President.
Mr. Beckwitt will be involved in all operational aspects of the Company,
with a special focus on new business and strategic growth opportunities.
Mr. Beckwitt served on the Board of Directors of D.R. Horton, Inc. from
1993 to November 2003. From 1993 to March 2000, he held various executive
officer positions at D.R. Horton, including President of the company. From
March 2000 to September 2002, Mr. Beckwitt provided investment and merger and
acquisition advice to D.R. Horton through EVP Capital, L.P., a company he
owned. From 1986 to 1993, Mr. Beckwitt worked in the Mergers and Acquisitions
and Corporate Finance Departments at Lehman Brothers Inc., specializing in the
homebuilding and building products industries. While with Lehman, Mr.
Beckwitt worked closely with Lennar on several projects.
"We are very pleased that Rick is joining our executive management team,"
said Stuart Miller, President and Chief Executive Officer of Lennar
Corporation. "Rick has a unique blend of operational, strategic acquisition
and corporate financial skills. With over 25 years of experience in the
homebuilding industry, he will make an immediate and significant contribution
to Lennar as the Company pursues its business strategy of organic growth and
growth through acquisitions."
Lennar Corporation, founded in 1954, is one of the nation's leading
builders of quality homes for all generations. The Company builds affordable,
move-up and retirement homes primarily under the Lennar and U.S. Home brand
names. Lennar's Financial Services Division provides primarily mortgage
financing, title insurance and closing services for both buyers of the
Company's homes and others. Previous press releases and further information
about the Company may be obtained at the "Investor Relations" section of the
Company's website, http://www.lennar.com .
SOURCE Lennar Corporation
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CONTACT:
Investor Relations, Marshall Ames, Lennar
Corporation, +1-305-485-2092
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