Lennar board member passes away

Lennar Corporation has announced that Steve Gerard, a member of its board of directors, audit committee, and compensation committee, has passed away at 76 years old.

“Steve Gerard was a true warrior. Steve’s energy and passion drove us all at Lennar to reach higher and work harder to achieve excellence with a core focus on integrity,” said Stuart Miller, executive chairman of Lennar. “Steve brought professionalism to execution and determination to performance. Steve helped position our company with a balanced focus on both short-term performance and long-term stability. His continued engagement will be sorely missed.”

“During his time on our board, Mr. Gerard helped us navigate the many challenges we confronted through the economic downturn years ago,” the company said in a statement. “He was a great person who rendered invaluable leadership, service, and counsel to our board. It is with heartfelt admiration and appreciation that the board thanks him for his terrific contributions.”