Stuart A. Miller is the Executive Chairman of Lennar Corporation and a member of its board of directors. He is co-chair of the Miami Dolphins Foundation, an organization devoted to providing education, health, youth athletic programs, and volunteer activities to communities throughout Florida.
- Stuart A. Miller is the son of Lennar Corporation co-founder Leonard Miller.
- Stuart Miller is the Executive Chairman of Lennar Corporation and a member of its board of directors.
- Miller served as CEO of Lennar from 1997 to 2018.
Early Life and Education
Stuart Miller was born on Aug. 8, 1957. He earned a bachelor's degree from Harvard University in 1979 and a law degree from the University of Miami in 1982. After completing his education, Stuart joined Lennar Corporation, where he remains today and serves as Executive Chairman and member of the board of directors.
Lennar Corporation was founded in 1954 and is headquartered in Miami, Florida. The name "Lennar" is a portmanteau of the first names of the founders of the company, Leonard Miller and Arnold Rosen. The company is a member of the Fortune 500 and builds residential homes and develops commercial properties across the U.S. Lennar operates in 20 states including California, Florida, Texas, and New Jersey. Lennar also owns financial services companies that provide mortgage, title insurance, and closing services. Its 2018 merger with CalAtlantic Group made Lennar the largest homebuilder in the United States and 2021, Lennar Corporation generated $27.1 billion in revenue.
Stuart Miller joined Lennar Corporation in 1982 after graduating from law school. He served as president of the company's homebuilding and commercial properties division from 1991 to 1997 when he was named chief executive officer.
As CEO, Miller guided Lennar through the acquisition of numerous small home building companies, doubling Lennar's size. He oversaw Lennar’s spin-off of its commercial real-estate business, LNR Property Corporation, into a separately-listed company. When the San Francisco Bay area housing market crashed in the 1990s, Lennar seized the opportunity to acquire properties at a reduced price. "We respond to opportunities," Miller said in an interview with Marilyn Alva of Investor's Business Daily. "We recognize that market trends do change."
As a leader in new home construction and sales, Stuart Miller led Lennar into residential services like high-speed Internet access, cable television, and alarm installation and monitoring services. Miller understood that diversification would provide homeowners with a complete service platform.
In 2018, Stuart Miller stepped down as CEO and became executive chair.
What Has Influenced Stuart A. Miller's Management Style?
As a young manager at Lennar, Stuart Miller attended a seminar at the Disney Institute, a management training program for the Walt Disney Company. Impressed by Disney's philosophy that motivated employees to be friendly regardless of their positions within the company, Miller brought the tradition of wearing name tags that bore only first names and no job titles to Lennar. The name tags created a personal and relaxed environment at Lennar.
What Is East Rock Capital?
Stuart Miller is a founding investor in East Rock Capital, a $2.1-billion multi-family office and investment firm. East Rock recently purchased the COVID-19 distressed luxury hotel Viceroy L'Ermitage Beverly Hills in a $100 million deal.
What Technology Is Lennar Corporation Employing to Build Homes?
In 2021, Lennar announced it is pioneering to build the largest community of 3D-printed homes using innovative robotics, software, and advanced materials from ICON, a construction technologies company.
The Bottom Line
For nearly four decades, Stuart A. Miller has held leadership positions with Lennar Corporation, a company co-founded by his father in 1954. Miller led the home building company to venture into areas such as commercial property development and homeowner services. As of 2022, he serves as a member of the board of directors and as Executive Chairman of the company.