"Donna is an extraordinary leader, and we are delighted to welcome her back to Lennar's Board of Directors," said Sid Lapidus, Lead Director of Lennar's Board of Directors. "We believe that Donna's experience as President of a successful university, as well as her experience as the former Secretary of the United States Department of Health and Human Services, will complement our already strong Board of Directors."
"I am honored to be rejoining Lennar's Board," said Shalala. "I have always admired the Company's innovative strategies, integrity and its commitment to the communities in which it has a presence."
Lennar Corporation, founded in 1954, is one of the nation's largest builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Lennar's Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about the Company may be obtained at the "Investor Relations" section of the Company's website, www.lennar.com.
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SOURCE Lennar Corporation