Lennar Corporation, one of the nation's top homebuilders, has announced that its Co-CEO and President Jon Jaffe will retire effective December 31, 2025, following a 42-year career with the company. Jaffe will also step down from his role as a director of the board of the company. After Jaffe's retirement, Stuart Miller will continue to serve as executive chairman and serve as CEO of Lennar, with no plans to replace Jaffe's role.
Jaffe first joined Lennar in 1983 and rose through the organization to become co-CEO and president. Throughout his tenure, Jaffe guided Lennar through defining moments and drove the company’s 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.
"Jon has been a driving force behind Lennar's success," said 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."
Having joined Lennar in 1983 as regional president of homebuilding operations, Jaffe became VP in 1994, and in 1995, he moved to California to lead the company's expansion into that state and the West. Jaffe spearheaded Lennar's efforts to acquire land, other homebuilders, and developers, including such companies as Bramalea Homes, Pacific Greystone Homes, Coto de Caza, Stevenson Ranch, and CalAtlantic Homes. Additionally, he oversaw Lennar's acquisition of Mare Island, Hunters Point, El Toro, and Treasure Island. These acquisitions helped transition Lennar into the nation's leading homebuilder. Jaffe serves as a member of the board of directors of Lennar Corporation, as well as True Anthem.
"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,” added Jaffee. “I'm proud of all we've accomplished together and grateful for the opportunity to have played a part in that success. With today's market realities, my retirement allows Lennar to streamline leadership at the top and continue creating efficiencies in our management structure to promote affordability. Though I'm departing an active role in the company, I've never been more excited about Lennar's future."
