{"id":530680,"date":"2021-08-23T20:07:00","date_gmt":"2021-08-24T00:07:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\/"},"modified":"2021-08-23T20:07:00","modified_gmt":"2021-08-24T00:07:00","slug":"five-point-holdings-llc-announces-changes-to-its-board-executive-positions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\/","title":{"rendered":"Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions<\/b><\/p>\n<p>IRVINE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFive Point Holdings, LLC (\u201cFive Point\u201d or the \u201cCompany\u201d) (NYSE:FPH), an owner and developer of large mixed-use planned communities in coastal California, announced today that its Founder, Emile Haddad, will step down and transition from his day to day roles as Chairman, Chief Executive Officer and President effective September 30, 2021. Mr. Haddad will remain as a member of the Board of Directors, and as the Company Founder, the Board elected him as Chairman Emeritus. Along with these changes, the Board of Directors named Stuart Miller as Executive Chairman and named Lynn Jochim as President of the Company in addition to retaining her position as Chief Operating Officer.\n<\/p>\n<p>\nGiven his value to the Company going forward, the Company has engaged Mr. Haddad as a senior advisor under an agreement with an initial term of three years. In his role as a senior advisor, Mr. Haddad will focus on enhancing our communities to stay true to the Company\u2019s vision and will maintain critical relationships at the state and local level, as well as focusing on new ventures and initiatives the Company may consider pursuing in order to enhance shareholder value. Mr. Haddad will collaborate with Mr. Miller and build on the business relationship these two individuals have had for more than twenty-five years. He will also continue to work with Ms. Jochim and the rest of the executive team at Five Point, a team that has been working together in various capacities for more than twenty years.\n<\/p>\n<p>\nMr. Haddad said, \u201cI 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.\u201d\n<\/p>\n<p>\nThese announced changes recognize the significant contributions and effective leadership that each of these directors and executives have brought to Five Point and the continued guidance they will bring going forward. Today, Five Point is one of the largest developers of mixed use communities in coastal California, which are planned for approximately 40,000 homes and 23 million square feet of commercial space that will shape the future growth in Orange County, Los Angeles County and San Francisco.\n<\/p>\n<p>\nMr. Miller said, \u201cEmile 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.\u201d\n<\/p>\n<p><b>About Five Point<\/b><\/p>\n<p>\nFive 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\u2019s communities include the Great Park Neighborhoods\u00ae in Irvine, Valencia\u00ae (formerly known as Newhall Ranch\u00ae) in Los Angeles County, and Candlestick\u00ae and The San Francisco Shipyard\u00ae 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210823005677r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210823005677\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210823005677\/en\/<\/a><\/span><\/p>\n<p>\nErik Higgins, 949-425-5212<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Erik.Higgins@fivepoint.com\">Erik.Higgins@fivepoint.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Urban Planning Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210823005677\/en\/1184976\/3\/Fivepoint_Logo_Color_-_USE.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions IRVINE, Calif.&#8211;(BUSINESS WIRE)&#8211; Five Point Holdings, LLC (\u201cFive Point\u201d or the \u201cCompany\u201d) (NYSE:FPH), an owner and developer of large mixed-use planned communities in coastal California, announced today that its Founder, Emile Haddad, will step down and transition from his day to day roles as Chairman, Chief Executive Officer and President effective September 30, 2021. Mr. Haddad will remain as a member of the Board of Directors, and as the Company Founder, the Board elected him as Chairman Emeritus. Along with these changes, the Board of Directors named Stuart Miller as Executive Chairman and named Lynn Jochim as President of the Company in addition to retaining her position as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-530680","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions IRVINE, Calif.&#8211;(BUSINESS WIRE)&#8211; Five Point Holdings, LLC (\u201cFive Point\u201d or the \u201cCompany\u201d) (NYSE:FPH), an owner and developer of large mixed-use planned communities in coastal California, announced today that its Founder, Emile Haddad, will step down and transition from his day to day roles as Chairman, Chief Executive Officer and President effective September 30, 2021. Mr. Haddad will remain as a member of the Board of Directors, and as the Company Founder, the Board elected him as Chairman Emeritus. Along with these changes, the Board of Directors named Stuart Miller as Executive Chairman and named Lynn Jochim as President of the Company in addition to retaining her position as &hellip; Continue reading &quot;Five Point Holdings, LLC Announces Changes to its Board &amp; Executive Positions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-24T00:07:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210823005677r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/five-point-holdings-llc-announces-changes-to-its-board-executive-positions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Five Point Holdings, LLC Announces Changes to its Board &amp; 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