After 17 years with Lennar, Rick Beckwitt has decided to retire as a co-CEO and co-president and resign as a member of the board of directors of the company.

Beckwitt's retirement will be effective Sept. 1. With this change, Stuart Miller will continue as executive chairman and will additionally become co-CEO to lead Lennar in partnership with Jon Jaffe, co-CEO and president.

“It has been a true honor to work with the many extraordinary professionals at Lennar,” states Beckwitt. “Together, we have built a best-in-class home building giant that is a source of pride and a model of excellence in the industry. I am very proud to have been a part of the many successes that have been recorded over the past years and want to wish the Lennar associates great success in the future as they continue to execute, innovate, and lead.”

According to Lennar, Beckwitt joined the company in March 2006 as executive vice president. He was a member of the executive team and worked diligently to weather the collapse of the housing and finance industries during the Great Recession. By April 2018, Beckwitt became CEO of Lennar, and, in 2020, he was joined by Jaffe as co-CEO and co-president.

"Rick has been a true day-to-day partner and team player as we have overseen operations across the platform and mapped strategy for execution,” says Jaffe. “Over these past years, we have grown revenues and improved efficiencies across the Lennar platform while building and maintaining a team-oriented atmosphere in the process. I am grateful for all Rick has helped Lennar accomplish over his 17 years as part of the Lennar family."

During his time with the builder, the landscape of the industry has changed significantly, and Beckwitt worked closely with leaders across the organization to grow the business, to improve productivity, and to innovate.

“It has been an honor to work with Rick, who is widely regarded as one of the most talented professionals in our industry,” adds Miller. "Our partnership spans decades, and I am appreciative of his contributions in helping our land, home building, and multifamily operations rise to new levels. With the help of Rick's partnership over these past 17 years, we are very well positioned for continued growth, improved productivity, and innovation in the future."