Armada Hoffler (NYSE: AHH) has announced the appointment of Shawn J. Tibbetts as the chairman of the board of directors, effective January 1, 2026, completing the last phase of planned succession changes initiated in 2024. Tibbetts, who has been leading the company as president and CEO since 2019, brings more than two decades of leadership experience in real estate, large-scale infrastructure, and operations.
Under Tibbetts' leadership, the company has strengthened the performance of its high-quality assets and driven operational excellence, delivering long-term shareholder value. The board's decision to combine the roles of chairman and CEO reflects their confidence in Tibbetts' vision and the alignment of leadership as they advance their strategy.
As part of this transition, Lou Haddad, the current executive chairman and former CEO, will step down from his role as chairman effective January 1, 2026, but will remain a member of the board of directors, ensuring continued access to his extensive institutional knowledge.
Armada Hoffler, a vertically integrated, self-managed real estate investment trust with over four decades of experience, develops, builds, acquires, and manages high-quality office, retail, and multifamily properties primarily in the mid-Atlantic and southeastern United States. The company also provides general construction and development services to third-party clients.
This announcement signifies a unified leadership structure, reflecting the board's confidence and continued commitment to disciplined growth and shareholder value. As the company moves forward under Tibbetts' leadership, the combined roles of chairman and CEO aim to provide unified direction and enhanced efficiency as Armada Hoffler executes its long-term strategic plan. The market has reacted to these announcements by moving the company's shares -1.49% to a price of $6.61. For the full picture, make sure to review Armada Hoffler Properties's 8-K report.
