Armada Hoffler (NYSE: AHH) has announced the appointment of Shawn J. Tibbetts as the chairman of the board, effective January 1, 2026. Tibbetts, who has been leading the company as president and chief executive officer since 2019, brings over two decades of leadership experience in real estate, large-scale infrastructure, and operations.
The decision to appoint Tibbetts as chairman completes the planned succession changes initiated in 2024. This move reflects the board's confidence in his leadership and the company's commitment to disciplined growth and shareholder value.
As part of the transition, Lou Haddad, the current executive chairman and former chief executive officer, will step down from his role as chairman effective January 1, 2026, but will remain a member of the board of directors.
Armada Hoffler, a vertically integrated, self-managed real estate investment trust with over four decades of experience, focuses on developing, building, acquiring, and managing high-quality office, retail, and multifamily properties primarily in the mid-Atlantic and southeastern United States. Additionally, the company provides general construction and development services to third-party clients.
The appointment of Tibbetts as chairman and the transition of roles within the board reflect the company's commitment to strategic planning, growth, strong governance, and disciplined execution to increase long-term value for shareholders and sustain success into the future. Following these announcements, the company's shares moved 0.0%, 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.
