Lennar Corporation announced that Lennar's Board of Directors has elected Serena Wolfe to serve as a member of the Board of Directors, effective September 2, 2023, for a term extending until Lennar's 2024 Annual Meeting of Stockholders. Ms. Wolfe has served as Chief Financial Officer of Annaly Capital Management, a leading diversified capital manager with investment strategies across mortgage finance since December 2019. Prior to joining Annaly in 2019, Ms. Wolfe had served as a Partner at Ernst & Young since 2011.

Ms. Wolfe held a variety of roles across industries since beginning her career at Ernst & Young in 1998, including most recently as Ernst & Young's Central Region Real Estate Hospitality & Construction leader from 2017 to November 2019. Ms. Wolfe has nearly 25 years of experience in accounting, of which 18 years were focused solely on the real estate and financial services sectors. Ms. Wolfe is also currently a director of Doma Holdings Inc., where she serves as the Chair of the Audit & Risk Committee.

The Board has determined that Ms. Wolfe qualifies as independent under the independence standards set out in the corporate governance listing standards of the New York Stock Exchange.