Lennar Corporation announced that Lennar's Board of Directors has increased the size of its Board to 11 members and has elected Dacona Smith to serve as a member of the Board of Directors, effective September 22, 2023, for a term extending until Lennar's 2024 Annual Meeting of Stockholders. Mr. Smith retired from Walmart earlier this year after a career there spanning over 30 years. Mr. Smith began as an hourly associate at a Walmart store and eventually held several executive positions, including roles in store management, regional management, and corporate operations.

Most recently, he served as Executive Vice President and Chief Operations Officer, Walmart U.S. Stores. At Walmart, Mr. Smith developed a reputation for driving strategies for operational efficiency, enhancing the customer experience, and ensuring high standards of integrity, execution, and leadership.