Lennar Co-CEO Jon Jaffe to retire Dec 31, 2025; no replacement; Miller stays as CEO

LENNAR CORP /NEW/

Jon Jaffe retires after 42 years; resigns as director effective Dec 31, 2025.
Board size reduced from 10 to 9 members upon Jaffe's departure.
Stuart Miller continues as Executive Chairman and CEO; no successor named.
Company cites need to streamline leadership and promote affordability for housing.

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