Rick Beckwitt was the Co-Chief Executive Officer and Co-President of Lennar Corporation until his retirement in 2023. He joined Lennar in 2006 and held key positions, becoming CEO in 2018 before becoming Co-CEO in 2020. His compensation peaked in 2023...
Rick Beckwitt was the Co-Chief Executive Officer and Co-President of Lennar Corporation until his retirement in 2023. He joined Lennar in 2006 and held key positions, becoming CEO in 2018 before becoming Co-CEO in 2020. His compensation peaked in 2023 at an impressive total of $43.7 million, boosted by a substantial retirement payment of $20.2 million. Interestingly, Beckwitt did not receive a bonus during his last year due to his retirement, yet he did see all his shares in the company vest. Throughout his time, he made strategic decisions focused on increasing profits and maintaining strong performance incentives for the company. At his retirement, he had significant holdings in Lennar, reflecting his belief in the company’s long-term value. Beckwitt's leadership style emphasized aligning executive pay with company success, showing a dedication to shareholder interests. His career showcases how effective leaders can drive a company's growth and value over time.