Five Point Holdings, LLC Announces Executive Changes
February 20, 2020 at 08:08 am EST
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Five Point Holdings, LLC on February 19, 2020, Kofi Bonner, Co-Chief Operating Officer of the company provided notice to the Board of Directors of the Company of his intent to resign from his positions as an officer and employee of the Company, effective as of March 6, 2020 The Company also announced that Lynn Jochim, Co-Chief Operating Officer of the Company, will be the Company’s sole Chief Operating Officer effective as of the Effective Date and will thereafter oversee the Company’s San Francisco operations.
Five Point Holdings, LLC designs and develops 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. Its Valencia segment includes operating results related to the Valencia community and agricultural operations in Los Angeles and Ventura Counties, California. Its San Francisco segment includes operating results for the Candlestick and The San Francisco Shipyard communities. Its Great Park segment includes operating results for the Great Park Neighborhoods community and development management services provided by the management company for the Great Park Venture. Its Commercial segment includes the operating results of the Gateway Commercial Ventureâs ownership in the Five Point Gateway Campus and property management services provided by the management company for the Gateway Commercial Venture.