Lennar Elects Dacona Smith to the Board of Directors
- Appointment of Dacona Smith brings expertise in operational efficiency and leadership from Walmart
- None.
Mr. Smith retired from Walmart earlier this year after a career there spanning over 30 years. Mr. Smith began as an hourly associate at a Walmart store and eventually held several executive positions, including roles in store management, regional management, and corporate operations. Most recently, he served as Executive Vice President and Chief Operations Officer, Walmart
Stuart Miller, Executive Chairman and Co-Chief Executive Officer of Lennar, said, "We look forward to Dacona joining the Lennar Board at a time when our Company is adapting to rapid and dynamic market changes. Dacona's unique experience as a leader in the world's largest retailer makes him particularly well qualified to assist Lennar in our continuing quest for improvement in execution of our core strategies: production efficiency, higher inventory turns, higher cash flow, strong margins and return on assets."
About Lennar
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout
Contact:
Ian Frazer
Investor Relations
Lennar Corporation
(305) 485-4129
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SOURCE Lennar Corporation