Armada Hoffler (NYSE: AHH) has announced the appointment of Shawn J. Tibbetts as the chairman of the board of directors, effective January 1, 2026. This appointment marks the completion of the planned succession changes initiated in 2024, with Tibbetts continuing to lead the company as president and CEO as well.
Since joining Armada Hoffler in 2019, Tibbetts has made significant contributions to the company's performance and operational excellence. His leadership has been instrumental in strengthening the company's high-quality assets and driving disciplined execution to deliver long-term shareholder value.
The decision to combine the roles of chairman and CEO reflects the board's confidence in Tibbetts' vision and strategic focus. This unified leadership structure is aimed at providing enhanced efficiency as the company executes its long-term strategic plan, with a focus on driving growth and shareholder value creation.
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, while remaining a member of the board of directors to provide ongoing institutional knowledge.
Armada Hoffler, a vertically integrated, self-managed real estate investment trust, has over four decades of experience in developing, building, acquiring, and managing high-quality office, retail, and multifamily properties. The company also provides general construction and development services to third-party clients, in addition to developing and building properties for its stabilized portfolio.
This announcement signifies a significant change in the leadership structure of Armada Hoffler, with a focus on continued commitment to disciplined growth and long-term shareholder value. As a result of these announcements, the company's shares have moved -1.49% on the market, and are now trading at a price of $6.61. If you want to know more, read the company's complete 8-K report here.
