Financial Services >> CEO Interviews >> May 8, 2020
Interview with the Chairman and CEO: Five Point Holdings, LLC (NYSE:FPH)
Emile Haddad is Chairman and Chief Executive Officer of Five Point Holdings, LLC. Five Point, the largest developer of mixed-use communities in coastal California, owns and manages Great Park Neighborhoods in Irvine, Newhall Ranch in Los Angeles County and The San Francisco Shipyard and Candlestick Point in San Francisco. Combined, these four mixed-used communities will include approximately 40,000 residential homes and 23 million square feet of commercial space. All total, these developments will generate approximately 288,000 jobs during construction and $54 billion in activity for the California economy. Prior to founding Five Point, Mr. Haddad was the Chief Investment Officer of Lennar Corporation, one of the nation's leading homebuilders, where he was in charge of the company's real estate investments and asset management. Mr. Haddad was a founding member of Lennar in California and was instrumental in its growth. Mr. Haddad has over 30 years of development experience in the United States and overseas. Prior to joining Lennar, Mr. Haddad was a senior executive in charge of land for Bramalea, which was part of the Canadian real estate conglomerate in the 1980s and early 1990s. To address issues and propose solutions surrounding the COVID-19 health crisis, Mr. Haddad was recently appointed to the California Business and Jobs Recovery Task Force by Gov. Gavin Newsom, where he also serves as Co-Chair of the Capital Markets & Infrastructure subcommittee. He also serves as Chairman of USC’s Lusk Center for Real Estate and as a member of the USC Price Planning Program Advisory Board. He is a member of Chapman University’s board of trustees and is the Immediate Past Chair of the board of trustees at the University of California, Irvine. He also serves on the executive committee of the Orange County Chapter of CEO Leadership Alliance, executive committee and board of directors at technology accelerator OCTANe, and board of directors at Spain-based AEDAS Homes. Mr. Haddad has received numerous honors, including the UCI Center for Real Estate Lifetime Achievement Award, the Boy Scouts of America Construction Industry Good Scout Award and the American Diabetes Association Father of the Year Award. In 2017, he received the Ellis Island Medal of Honor, presented annually to American citizens whose accomplishments in their field and inspired service to the United States are cause for celebration. Mr. Haddad holds a civil engineering degree from the American University of Beirut. Profile
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TWST: You have a very interesting background. Can you tell us about your background and how you came to Five Point?