Lennar Names Jim Parker Chief Operating Officer and David Grove EVP, Homebuilding

Lennar (NYSE: LEN) appointed Jim Parker as Chief Operating Officer and David Grove as Executive Vice President, Homebuilding, effective immediately.

Rhea-AI Summary

Lennar (NYSE: LEN) appointed Jim Parker as Chief Operating Officer and David Grove as Executive Vice President, Homebuilding, effective immediately. Both report to Executive Chairman, CEO and President Stuart Miller and bring about 30 years of homebuilding experience each across multiple leadership roles.

Positive

• Jim Parker named Chief Operating Officer with 30 years industry experience
• David Grove appointed EVP, Homebuilding after long Lennar tenure
• Both leaders previously oversaw Lennar's East and West operations
• Executives will continue reporting directly to Stuart Miller

Negative

• None.

Argus Jun 8 session

+0.28% close to close Open Argus

Details

News Market Reaction – LEN

On Jun 8, the first trading day after this news, LEN closed 0.28% above the previous close.

Data tracked by StockTitan Argus for the Jun 8 session.

Key Figures

Industry experience: 30 years Merger year: 2018 Join date: 1999 +3 more

Industry experience

30 years

Jim Parker and David Grove homebuilding careers

Merger year

2018

Parker joined Lennar via CalAtlantic Homes merger

Join date

1999

Grove joined Lennar as Construction Area Manager in Austin

Division President promotion

2004

Grove became Division President

Dallas relocation

2017

Grove moved to lead Dallas-Fort Worth Division

Texas Regional President

2022

Grove named Regional President for Texas

Historical Context

5 past events · Latest: May 28

5 events

1. May 28

   Earnings call notice

   24h Move

   +0.0%

   Scheduled Q2 2026 results release and conference call details.

2. Apr 08

   Dividend declaration

   24h Move

   +0.3%

   Announced $0.50 quarterly cash dividend for Class A and B shares.

3. Mar 12

   Earnings results

   24h Move

   +2.6%

   Reported Q1 2026 earnings, revenues, deliveries, backlog and guidance.

4. Feb 26

   Earnings call notice

   24h Move

   +2.1%

   Announced timing and access details for Q1 2026 earnings call.

5. Jan 21

   Dividend declaration

   24h Move

   -2.8%

   Declared $0.50 quarterly cash dividend with February payment date.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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MIAMI, June 5, 2026 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, today announced that, effective immediately, Jim Parker has been named Chief Operating Officer and David Grove has been named Executive Vice President, Homebuilding.

Mr. Parker and Mr. Grove most recently served as Area Presidents, leading Lennar's East and West operations, respectively. In their new roles, they will continue to report to Stuart Miller, Executive Chairman, Chief Executive Officer and President of Lennar. Mr. Parker and Mr. Grove each bring 30 years of homebuilding industry experience.

Mr. Parker joined Lennar as Regional President through its 2018 merger with CalAtlantic Homes, where he had served as Region President following the merger of Ryland Homes and Standard Pacific. Earlier in his career, he held leadership roles at John Wieland Homes and Beazer Homes, founded and sold Parker Chandler Homes — operating across Atlanta, Charlotte, and Myrtle Beach — and later served as Atlanta Division President and Area President at Ryland Homes.

Mr. Grove joined Lennar in 1999 as a Construction Area Manager in Austin and has spent his entire career with the company, advancing through roles in construction management and operations before becoming Division President in 2004. He led Lennar's San Antonio Division for more than a decade and oversaw both the Austin and San Antonio Divisions before relocating to Dallas in 2017 as Division President of the Dallas-Fort Worth Division. He was named Regional President for Texas in 2022 before assuming his Area President role.

Stuart Miller, Lennar's Executive Chairman, Chief Executive Officer and President, said, "Jim and David are tenured, proven Lennar leaders who are energized by the opportunity ahead. They have consistently delivered strong results for our teams and our business. More than that, they exemplify our core values — building quality homes and delivering more value to our customers, always with the highest level of integrity."

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 the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN^X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.

Contact:

Jorge Almeida
Investor Relations
Lennar Corporation
(305) 485-4129

View original content:https://www.prnewswire.com/news-releases/lennar-names-jim-parker-chief-operating-officer-and-david-grove-evp-homebuilding-302793118.html

SOURCE Lennar Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What management changes did Lennar (NYSE: LEN) announce on June 5, 2026?

Lennar announced the appointment of Jim Parker as Chief Operating Officer and David Grove as Executive Vice President, Homebuilding. According to Lennar, both promotions are effective immediately and follow their prior roles as Area Presidents leading East and West operations.

Who is Jim Parker, the new Chief Operating Officer of Lennar (LEN)?

Jim Parker is Lennar’s new Chief Operating Officer, bringing about 30 years of homebuilding experience. According to Lennar, he joined through the 2018 CalAtlantic merger and previously held senior roles at Ryland Homes, Standard Pacific, John Wieland Homes, Beazer Homes and his own company.

What experience does David Grove bring to his new EVP Homebuilding role at Lennar (LEN)?

David Grove becomes Executive Vice President, Homebuilding, after a career entirely at Lennar since 1999. According to Lennar, he advanced from construction roles to Division President and Regional President for Texas before serving as Area President over key Texas markets.

To whom will Lennar’s new COO and EVP, Homebuilding report after the June 2026 changes?

Both Jim Parker and David Grove will continue reporting to Stuart Miller, Lennar’s Executive Chairman, Chief Executive Officer and President. According to Lennar, this structure maintains direct executive oversight as the newly promoted leaders step into their expanded operational responsibilities.

How might Lennar’s June 2026 leadership appointments of Jim Parker and David Grove impact operations?

The appointments place highly tenured leaders over key operating functions, which may support continuity and execution. According to Lennar, Parker and Grove have consistently delivered strong results and embody the company’s focus on quality homes, customer value and integrity.

What prior roles did Jim Parker and David Grove hold before their June 2026 promotions at Lennar (LEN)?

Before promotion, Jim Parker and David Grove served as Area Presidents overseeing Lennar’s East and West operations, respectively. According to Lennar, both previously held multiple division, regional and operations leadership roles across major markets including Texas, Atlanta, Charlotte and Dallas-Fort Worth.