Effective on Dec. 31, Lennar co-CEO and president Jon Jaffe will retire. Following a distinguished 42-year career with the No. 2 home builder on the 2025 Builder 100 list, he will also step down from his role as a director of the board. Stuart Miller will continue to serve as executive chairman and serve as CEO of Lennar, with no plans to replace Jaffe’s role.
“Jon has been a driving force behind Lennar’s success. His dedication, work ethic, and operational focus have provided mentorship and shaped our company into what it is today,” says Miller.
“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.”
In 1983, Jaffe joined Lennar as an assistant superintendent in Tampa, Florida. Through hard work and many value-add successes, he climbed the ranks of the organization. He has guided Lennar with a focus on operational excellence through defining moments including national expansion notably in California, Lennar says.
Jaffe says: “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 home builders. 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.”
The leadership transition sets the stage for Lennar’s next phase which includes a strategic evolution into a leaner, more efficient, technology-driven enterprise focused on building a healthier housing market and helping more families achieve the dream of homeownership.
