– USA, CA – Five Point Holdings, LLC (NYSE: FPH), an owner and developer of large mixed-use planned communities in coastal California, today announced Stuart Miller as Executive Chairman and named Lynn Jochim as President in addition to retaining her position as COO.
These appointments are concurrent with the retirement of its Founder, Emile Haddad, who will step down from his day-to-day roles effective September 30, 2021, but will remain as a Board member and Chairman-Emeritus.
Mr. Haddad said, “I simply could not be prouder to have led Five Point through its formative years, as it has become a true leader in community development and public-private partnerships. Five Point today has an extraordinary foundation for future success, with irreplaceable assets and a management team that is well-positioned to take Five Point to the next level. I look forward to continuing to work with Stuart, Lynn and the rest of the management team to enhance the Five Point traditions of excellence, outreach and engagement as we shape the cities of the future.”
Stuart Miller said, “Emile Haddad has been an innovator and leader in the national community development landscape. He founded and grew Five Point from its inception to its current maturity. He has developed an exceptional management team that is prepared to continue to develop the extraordinary Five Point communities as a true credit to their surroundings while driving shareholder value. I personally look forward to working with Lynn and the management team, along with Emile, to continue to build the Five Point franchise as a leader in community lifestyle development, environmental innovation, social equity and civic engagement.”
About Five Point
Five Point, headquartered in Irvine, California, designs and develops large mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County that combine residential, commercial, retail, educational, and recreational elements with public amenities, including civic areas for parks and open space. Five Point’s communities include the Great Park Neighborhoods in Irvine, Valencia (formerly known as Newhall Ranch) in Los Angeles County, and Candlestick and The San Francisco Shipyard in the City of San Francisco. These communities are designed to include approximately 40,000 residential homes and approximately 23 million square feet of commercial space.
For more information: https://www.fivepoint.com/
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