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Lennar Corp. (LEN) filed an 8-K announcing senior leadership changes. COO Fred Rothman, a 19-year veteran and COO since 2019, will retire effective 2 Sep 2025. Vice President, General Counsel & Secretary Mark Sustana will also retire on that date.
Sustana signed a two-year consulting agreement starting 3 Sep 2025 at $110,000 per month, dropping to $50,000 per month if the term is extended. The agreement includes standard non-compete, confidentiality and indemnification clauses and is provided as Exhibit 10.1.
Katherine Lee Martin, formerly EVP & General Counsel of Hertz Global Holdings and previously a senior litigator at X Corp./Twitter and the U.S. DOJ, will become Chief Legal Officer & Corporate Secretary on 2 Sep 2025. No successor for the COO role, financial metrics or strategic guidance were disclosed. A related press release is furnished as Exhibit 99.1.