LANDSEA HOMES ADDS TWO SENIOR INDUSTRY EXPERIENCED MEMBERS TO BOARD OF DIRECTORS
Landsea Homes Corporation (Nasdaq: LSEA) has appointed Susan Lattmann and Mollie Fadule to its Board of Directors, effective December 31, 2021. Lattmann brings over 30 years of experience in finance and corporate governance, having previously served as CFO at Bed Bath & Beyond. Fadule, with her extensive background in commercial real estate and investment management, is currently the Chief Financial and Investment Officer at JPI. CEO John Ho stated that their addition strengthens the company’s commitment to environmental, social, and governance initiatives, positioning Landsea for future success.
- Appointment of Susan Lattmann and Mollie Fadule enhances board diversity and expertise.
- Lattmann's past experience in leading cost reduction strategies can benefit financial performance.
- Fadule's background in real estate private equity may facilitate growth opportunities.
- Concerns may arise regarding continuity and experience gaps due to new board introductions.
NEWPORT BEACH, Calif., Dec. 27, 2021 /PRNewswire/ -- Landsea Homes Corporation (Nasdaq: LSEA) ("Landsea Homes" or the "Company"), a publicly traded residential homebuilder, announced today that Susan Lattmann and Mollie Fadule have joined the Company's Board of Directors. Lattmann is an experienced executive and corporate board director, with more than 30 years of experience. Fadule is a senior leader in the commercial real estate industry with significant experience in real estate private equity and real estate and construction technology. Both will join the Board on December 31, 2021.
"We're thrilled to have Susan and Mollie join our respected and diverse board of directors, as their depth of industry experience will certainly provide important voices to our boardroom," said John Ho, Chief Executive Officer, Landsea Homes. "Landsea Homes will benefit greatly from their strategic leadership and acumen. They strengthen our commitment to a robust environmental, social and governance structure and will ensure Landsea Homes is positioned for continued success."
Currently serving as CFO for The Row, an international privately held luxury apparel retailer, Lattmann provides strategic value to the principal investors. Previously, she worked for Bed Bath & Beyond Inc. for more than 23 years, where she held several roles including CFO and CAO, leading many areas including real estate, finance, merchandise operations, and information technology, among others. Lattmann was instrumental in the Company's enterprise-wide strategy to enhance margin and improve profit through cost reductions. She began her professional career with Arthur Andersen, and held progressive roles including Audit Manager during her tenure, auditing public and private companies in the consumer products, gaming and financial industries.
"I am very excited about the opportunity to join the Board of Directors of one of the most strategic public homebuilders in the industry," said Lattmann. "I look forward to working with my Board colleagues and the Senior Leadership team to lead Landsea Homes into a very bright future."
Fadule is currently the Chief Financial and Investment officer at JPI, a developer, builder and investment manager with a track record spanning 100,000 units and
"It's an honor to join Landsea Homes' esteemed Board of Directors," said Fadule. "2022 will be a monumental year for the Company and I'm excited for the opportunity to advance their vision of building the most sustainable, best-in-class master planned communities in the country."
For more information about Landsea Homes, visit http://www.landseahomes.com.
About Landsea Homes Corporation
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Newport Beach, CA., that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets. The company has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas and throughout California in Silicon Valley, Los Angeles and Orange County.
An award-winning homebuilder that builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities, Landsea Homes is known for creating inspired places that reflect modern living and provide homebuyers the opportunity to "Live in Your Element®." Our homes allow people to live where they want to live, how they want to live – in a home created especially for them.
Driven by a pioneering commitment to sustainability, Landsea Homes' High Performance Homes are responsibly designed to take advantage of the latest innovations with home automation technology supported by Apple®. Homes include features that make life easier and provide energy savings that allow for more comfortable living at a lower cost through sustainability features that contribute to healthier living for both homeowners and the planet.
Led by a veteran team of industry professionals who boast years of worldwide experience and deep local expertise, Landsea Homes is committed to positively enhancing the lives of our homebuyers, employees and stakeholders by creating an unparalleled lifestyle experience that is unmatched.
For more information on Landsea Homes, visit: www.landseahomes.com.
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SOURCE Landsea Homes
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