LF Capital Acquisition Corp. II announced that Scott Reed, President and Director of the company resigned from the board of directors, effective on March 13, 2023. In connection with such resignation, Mr. Reed also resigned as the President of the Company.

Mr. Reed's decision to resign was not due to any dispute or disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Reed will continue to serve as an advisor to the Company. On March 13, 2023, the Company announced that Djemi Traboulsi, who serves as Senior Vice President and Managing Director of the Company, was appointed to the Board, to serve until the 2024 annual meeting of stockholders of the Company and until his successor is elected and qualified.

Mr. Traboulsi served as a member of LF Capital Acquisition Corp.'s board of directors from its inception through the completion of its business combination with Landsea Homes in January 2021. Mr. Traboulsi served as President of Capital E Advisors Inc., Capital E Group's U.S. private equity and real estate research arm, from 2005 to 2022. Mr. Traboulsi served as Managing Director of Kenmar Capital Advisors (formerly Kenmar Advisory Corp.), an alternative asset manager, from 1991 to 2001.

Prior to 1991, Mr. Traboulsi held various M&A and corporate finance positions with Mabon, Nugent & Co., an international investment bank and brokerage firm. Mr. Traboulsi earned his bachelor's degree in business administration from the American University of Paris, and he attended the Leonard N. Stern School of Business at New York University. Mr. Traboulsi's extensive experience in business and investing in and advising companies qualifies him to serve on the Company's board of directors.