Homebuilder Lennar Corp. promoted Rick Beckwitt to president from executive vice president. Stuart Miller will remain chief executive officer of the company.

"I am very pleased to have Rick become President of our company as he, along with Jon Jaffe, our chief operating officer, have been instrumental in guiding our company through the challenges of the most significant homebuilding downturn of our generation," Miller said.  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.