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Five Point (NYSE:FPH) appointed Daniel Hedigan as CEO, effective immediately. Most recently, Hedigan served as president of land sales & home building at the Irvine Company from 2013 to 2021. Lynn Jochim, president and COO, will step down, effective as of Feb. 14. Jochim has agreed to assist FPH going forward under an advisory agreement with a term of 3 years. Last month, FPH announced the resignation of its CFO Erik Higgins.