Lennar Appoints Teri McClure to the Board of Directors
MIAMI, June 25, 2013
MIAMI, June 25, 2013 /PRNewswire/ --Lennar Corporation (NYSE: LEN and LEN.B),
one of the nation's largest homebuilders, announced that the Company's Board
of Directors has elected Teri McClure to serve as an independent member of the
Board of Directors, effective June 24, 2013.
McClure has served as Senior Vice President of Legal, Compliance, Audit and
Public Affairs, General Counsel and Corporate Secretary of UPS (NYSE: UPS)
since 2006. She also serves as a member of the 10 member Management Committee
which is responsible for setting strategy, operating and profit plans for UPS.
McClure joined UPS in 1995 and has served in various positions at the company
including Vice President of the Corporate Legal Department where she was
responsible for labor and employment matters as well as legal department
technology and administration. In addition, she has served as President of
the Central Florida District where she was in charge of more than four
thousand employees as Compliance Department Manager where she worked to ensure
that the company followed ethical and legal business practices, and in special
assignments in logistics and distribution. Prior to joining UPS, McClure
practiced with the Troutman Sanders law firm in Atlanta.
"We are pleased to add an individual with Teri McClure's exceptional
experience and qualifications to our Board of Directors," said Sidney Lapidus,
Lead Director of Lennar's Board of Directors. "We believe that Teri's
experience as a senior executive of a Fortune 500 company, recognized by
Fortune Magazine as one of the world's most admired companies, combined with
her operational capabilities and business experience will be a valuable
addition to our Board."
McClure holds a B.S.B.A. degree in marketing and economics from Washington
University in St. Louis, Missouri, and a J.D. degree from Emory University
School of Law in Atlanta, Georgia.
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
Investments segment is a leading investment and asset management company
focused on creating value by investing in and managing real estate properties,
loans and securities. 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.
Note Regarding Forward-Looking Statements: Some of the statements in this
press release are "forward-looking statements," as that term is defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements include statements regarding our business, financial condition,
results of operations, cash flows, strategies and prospects. You can identify
forward-looking statements by the fact that these statements do not relate
strictly to historical or current matters. Rather, forward-looking statements
relate to anticipated or expected events, activities, trends or results.
Because forward-looking statements relate to matters that have not yet
occurred, these statements are inherently subject to risks and uncertainties.
Many factors could cause our actual activities or results to differ materially
from the activities and results anticipated in forward-looking statements.
These factors include those described under the caption "Risk Factors" in Item
1A of our Annual Report on Form 10-K for our fiscal year ended November 30,
2012. We do not undertake any obligation to update forward-looking statements,
except as required by Federal securities laws.
SOURCE Lennar Corporation
Contact: Allison Bober, Investor Relations, Lennar Corporation, (305) 485-2038
Press spacebar to pause and continue. Press esc to stop.