FivePoint Holdings, a major land developer of planned communities of coastal areas across California, including Irvine’s Great Park neighborhood, announced in a recent statement that the company’s founder, Emile Haddad, will be stepping away from his role as CEO, president, and chairman.
Despite stepping away from his roles in leading the company, Haddad will still remain as a member of the Board of Directors and will become senior adviser, where he will be able to pursue initiatives and focus on the strategic direction of the company as well as new ventures and initiatives the company may consider pursuing in the future, Erik Higgins, chief financial officer for FivePoint, told The Epoch Times.
