Lennar Corporation ·LEN

CEO consolidated power after co-CEO and COO retirements

Q: Who is the CEO of Lennar?

Stuart Miller is Lennar’s Executive Chairman and Chief Executive Officer, serving as sole CEO since January 2026.

Q: What type of organizational structure does Lennar use?

Lennar uses a hybrid enterprise structure combining centralized leadership with segment presidents.

Q: How many direct reports does Lennar's CEO have?

The CEO has seven direct reports across finance, legal, and business segments.

Q: How has Lennar's leadership changed recently?

In late 2025, Lennar saw the retirement of its co-CEO and COO and appointed a new Chief Legal Officer.

Q: Does Lennar have a COO?

No. Lennar eliminated the COO role in 2025 and has no plans to replace it.

Engineering & Construction · Fortune #129 · Hybrid structure · 13K employees · Miami, Florida

View as of:

CEO span

↓ tighter than peers (avg 9)

2.6

Avg span

moderate

Max depth

3 levels

4.1 yr

Avg tenure

↓ 1.0yr from FY2024

71%

Internal hires

↑ above industry avg

Consolidated financials FY2025 · period end 2025-11-30 · 10-K

Revenue

$34.2B

Operating income

$3.5B

Net income

$2.1B

Total assets

$34.4B

Sourced from Lennar Corporation DEF 14A · filed 2026-02-26 ↗ View on SEC

Interactive org chart

Lennar Corporation organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

CEO consolidated power after co-CEO and COO retirements. This page maps Lennar’s streamlined leadership structure, executive team, and reporting lines, analyzes the implications of a COO-less model, and compares Lennar’s governance depth with major homebuilding peers.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Jonathan M. Jaffe departed as Co-Chief Executive Officer and President

Retired effective December 31, 2025.

Source · See change log

Scenario views in the chart

Add Chief AI Officer Create a Chief AI Officer role reporting to the CEO to accelerate automation and pricing intelligence.
Reintroduce COO Role Reinsert a COO to coordinate Homebuilding and Multifamily operations as scale increases.

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The people

Who's running this

8 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Stuart Miller

Executive Chairman & Chief Executive Officer

Executive

8 yr

12 reports

internal

Open Role

President, Homebuilding

Operations

5 yr

0 reports

Chief Human Resources Officer

5 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.

Stuart Miller $29.5M

Base salary: $1.00M
Stock awards: $25.74M
Non-equity incentive: $2.77M
Other: $18K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

Diane Bessette $8.3M

Base salary: $750K
Stock awards: $4.65M
Non-equity incentive: $2.85M
Other: $26K
Fiscal year: FY2025
Source: SEC DEF 14A ↗

The skin in the game

Beneficial ownership

Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.

Holder	Shares	% of class
Stuart Miller	2.40M	<1%
Diane Bessette	346K	<1%

The businesses

How Lennar Corporation divides the work

3 divisions report into the group CEO. Tile size scales with estimated headcount.

Homebuilding

9K employees

President, Homebuilding (Open Role)

Core single-family and attached home construction across U.S. regions.

$32.0B rev FY2025

Financial Services

2K employees

President, Financial Services (Open Role)

Mortgage origination, title insurance, and closing services.

Multifamily

1K employees

President, Multifamily (Open Role)

Development and management of multifamily rental properties.

The thesis

Why this org is unusual

CEO authority is unusually concentrated following the retirement of both the co-CEO and the COO, leaving Stuart Miller as sole CEO with no plans to replace those roles.

The chart shows eight direct reports spanning all major businesses and functions, reflecting Lennar’s decision to streamline leadership and reduce layers. Regional and segment presidents report directly to the CEO rather than through an operating chief. This structure emphasizes speed, cost discipline, and centralized strategic control, consistent with Lennar’s land-light and technology-driven operating model.

No COO or co-CEO after 2025
Enterprise presidents report directly to CEO

The comparison

How Lennar Corporation stacks up

Toll Brothers ✓ COO — no CAIO

KB Home ✓ COO — no CAIO

Current signals

What changed recently

The most significant change was the retirement of co-CEO Jonathan Jaffe, leaving Stuart Miller as sole CEO with no replacement planned.

Dec 31, 2025 departed
Jonathan M. Jaffe Co-Chief Executive Officer and President
Retired effective December 31, 2025.
Source
Sep 2, 2025 departed
Fred Rothman Chief Operating Officer
Retired effective September 2, 2025.
Source
Sep 2, 2025 new
Katherine Lee Martin Chief Legal Officer & Corporate Secretary
Appointed effective September 2, 2025.
Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025

DEF 14A filed 2026-02-26

CEO: Stuart Miller
CEO span: 7
C-suite: 4
Avg tenure: 4 yr

First year with a single CEO and no COO.

Named executive officers (4)

Stuart Miller - Executive Chairman & CEO since 2018
Diane Bessette - CFO since 2019
Katherine Lee Martin - Chief Legal Officer since 2025
David Collins - VP, Controller

FY2024

DEF 14A filed 2025-02-27

CEO: Stuart Miller
CEO span: 8
C-suite: 5
Avg tenure: 5.1 yr

Dual CEO and COO structure still in place.

Named executive officers (5)

Stuart Miller - Executive Chairman & Co-CEO since 2018
Jonathan M. Jaffe - Co-CEO & President since 2023
Diane Bessette - CFO since 2019
Fred Rothman - COO since 2019
Mark Sustana - General Counsel since 2005

FY2023

DEF 14A filed 2024-02-28

CEO: Stuart Miller
CEO span: 8
C-suite: 5
Avg tenure: 6 yr

Transition year establishing co-CEO model.

Named executive officers (5)

Stuart Miller - Executive Chairman & Co-CEO since 2018
Jonathan M. Jaffe - Co-CEO & President since 2023
Diane Bessette - CFO since 2019
Fred Rothman - COO since 2019
Mark Sustana - General Counsel since 2005

Year-over-year changes

FY2023 → FY2024

Leadership titles adjusted as co-CEO model was formalized.

CEO span: 8 → 8
C-suite size: 5 → 5
Avg tenure: 6 → 5.1 yr

retitled Jonathan M. Jaffe - Co-CEO (was President) (DEF 14A 2024-02-28)

FY2024 → FY2025

Company moved to a streamlined single-CEO structure without a COO.

CEO span: 8 → 7
C-suite size: 5 → 4
Avg tenure: 5.1 → 4 yr

departed Jonathan M. Jaffe - Co-CEO (was Co-CEO) (DEF 14A 2026-02-26)
departed Fred Rothman - COO (was COO) (DEF 14A 2026-02-26)
new Katherine Lee Martin - Chief Legal Officer (was EVP, General Counsel at Hertz) (DEF 14A 2026-02-26)

The board

Board of directors

9 directors. 8 of 9 independent (89%). Source: most recent DEF 14A.

Stuart Miller

Chair Inside

Independent

Director since 2023

The board, organized

Board committees

3 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit Committee

100% independent 11 mtgs/yr

Sherrill W. Hudson Chair
Amy Banse
Teri P. McClure

Compensation Committee

100% independent 4 mtgs/yr

Theron (Tig) Gilliam Chair
Jeffrey Sonnenfeld
Serena Wolfe

Nominating & Corporate Governance Committee

100% independent 4 mtgs/yr

Amy Banse Chair
Teri P. McClure
Dacona Smith

Frequently Asked Questions

Who is the CEO of Lennar?

Stuart Miller is Lennar’s Executive Chairman and Chief Executive Officer, serving as sole CEO since January 2026.

What type of organizational structure does Lennar use?

Lennar uses a hybrid enterprise structure combining centralized leadership with segment presidents.

How many direct reports does Lennar's CEO have?

The CEO has seven direct reports across finance, legal, and business segments.

How has Lennar's leadership changed recently?

In late 2025, Lennar saw the retirement of its co-CEO and COO and appointed a new Chief Legal Officer.

Does Lennar have a COO?

No. Lennar eliminated the COO role in 2025 and has no plans to replace it.

Sources

8-K Filing, Nov 2025
8-K Filing, Aug 2025
SEC EDGAR: Lennar Corporation DEF 14A Proxy Statement
SEC EDGAR: Lennar Corporation 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th

Creately. (2026). Lennar Corporation organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/lennar/

MLA 9th

"Lennar Corporation Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/lennar/. Accessed .

Chicago 17

Creately. "Lennar Corporation Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/lennar/.

Original SEC source View on SEC ↗

Lennar Corporation. DEF 14A. Filed 2026-02-26. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/920760/000119312526073504/d940888ddef14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/lennar/ · last updated 2026-04-01

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