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Five Point Taps Ex-Irvine Co. Exec Hedigan as CEO

Master developer Five Point Holdings LLC (NYSE: FPH), developer of the Great Park Neighborhoods in Irvine, has appointed Dan Hedigan as its new CEO.Hedigan last served as President of Land Sales & Home Building at Newport Beach’s Irvine Company, Orange County’s largest landowner.

He left that post, which included oversight of the company’s in-house homebuilder, Irvine Pacific, last year.

In addition, Lynn Jochim, President and Chief Operating Officer of Five Point, is stepping down from the Irvine-based company next week, the company said Wednesday.

Jochim had been the top local official for Five Point since company founder Emile Haddad stepped down from the CEO role last year.

Along with the Great Park Neighborhoods, Five Point has large housing and mixed-use projects in various stages of development in Los Angeles and the Bay Area. “In addition to the considerable residential homesites remaining in our communities, I look forward to activating our substantial commercial land opportunities as well,” Hedigan said in a statement.

Five Point is valued around $420 million. Shares were trading up after hours after the news of the new CEO.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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