Lennar’s Co-CEO Rick Beckwitt Departs The Homebuilder – C-Suite Transitions

Welcome to edition 50 of C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

Sudden Departures

1. HLIO: On July 18, 2023, Helios Technologies Chief Financial Officer Tricia L. Fulton notified the company of her decision to retire, effective August 8, 2023.
2. FDX: On July 17, 2023, FedEx Corp announced Michael C. Lenz, the current CFO, will transition out of his role on July 31, 2023.
3. ADES: On July 14, 2023, Advanced Emissions Solutions announced its President and Chief Executive Officer Greg Marken will step down effective July 17, 2023.

Lennar Corporation (LEN): $130.75

Lennar Corporation (LEN), a leading US home construction and real estate development company builds and sells a variety of residential properties, including single-family homes, townhomes, and condominiums. Lennar also offers financial services such as mortgage financing and title insurance. Additionally, the company has expanded into multifamily rental properties.

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