Dan Young plans to step down from his executive position at Newport Beach-based Irvine Company at the end of the month.
Young, widely seen as the No. 2 executive at Orange County’s dominant real estate company, last week announced his plans to leave his role as president of its community development division.
Young said that Irvine Co. Chairman Donald Bren has asked him to remain as an adviser.
“I am looking forward to continuing my relationship with this company and Donald,” Young said in a letter to Irvine Co.’s board.
“After 16 wonderful years at the Irvine Company, I will be leaving to return to my own real estate development company,” Young said in a letter to employees.
The development company, called Camino Enterprises, will be based at the 520 Newport Center office tower near Fashion Island, next to Irvine Co.’s headquarters.
See the June 13 print edition of the Orange County Business Journal for more details.