AHH - Armada Hoffler's Board of Directors Appoints Shawn Tibbetts as President | Benzinga
VIRGINIA BEACH, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler's (NYSE:AHH) Board of Directors announces that Shawn Tibbetts, the Company's Chief Operating Officer, has been named President. Tibbetts has served as the Chief Operating Officer of the Company since joining in 2019 and plays an integral role in its growth and success.
Upon the expected retirement of Louis Haddad as CEO in the spring of 2025, the Company's Board of Directors, having undertaken a deliberate and thorough succession planning process over the last several years, expects to appoint Tibbetts as Chief Executive Officer.
As President and Chief Operating Officer, Tibbetts will continue to oversee all aspects of Armada Hoffler's operations, guiding strategic initiatives, fostering innovation, and reinforcing the Company's commitment to excellence. Known for his collaborative approach and remarkable ability to inspire, Tibbetts has been a key factor in building upon the culture of teamwork and accountability within the organization. Since joining Armada Hoffler, Tibbetts has successfully led the team to historic performance coming out of the pandemic, growing the Company's portfolio NOI by 45%, and overseeing the successful execution of over $1.2 billion of transactions.
"Shawn has consistently demonstrated exceptional leadership qualities and strategic vision throughout his time with us," said Louis Haddad, Chief Executive Officer. "We have full confidence in Shawn's ability to lead our Company to even greater heights. His promotion to President is a well-deserved recognition of his outstanding contributions and will undoubtedly bring continued success to Armada Hoffler."
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