Armada Hoffler Appoints CEO Shawn J. Tibbetts To Asdditional Position Of Chairman, Completing Leadership Transition as Lou Haddad Steps Down

Armada Hoffler (NYSE:AHH) today announced that its Board of Directors unanimously voted to appoint Shawn J. Tibbetts as Chairman of the Board, effective January 1, 2026. This action completes the last phase of the planned succession changes initiated in 2024. In addition to his new role, Tibbetts will continue leading the Company as President and Chief Executive Officer.

A seasoned global executive, Tibbetts brings more than two decades of leadership experience in real estate, large-scale infrastructure, and operations, including leading complex business transformations. Since joining Armada Hoffler in 2019, he has strengthened the performance of the Company's high-quality assets and driven operational excellence through disciplined execution to deliver long-term shareholder value.

"It is an honor to assume the role of Chairman and continue leading Armada Hoffler alongside our Board and management team," said Tibbetts. "Together, we remain focused on strategic planning to drive growth, strong governance, and disciplined execution, all of which we expect to increase long-term value for our shareholders and sustain the Company's success well into the future."

"Shawn has demonstrated exceptional leadership and strategic focus while strengthening Armada Hoffler's culture and foundation," said James Carroll, Lead Independent Director. "His appointment as Chairman reflects the Board's unanimous confidence in his vision and the alignment of leadership as we advance our strategy. While historically the roles of Chairman and CEO have been separate, the Board believes combining these positions at this time will provide unified direction and enhanced efficiency as the Company executes its long-term strategic plan. Working closely with the independent directors, including myself, this structure maintains strong governance and positions Armada Hoffler for growth and shareholder value creation."

As part of this transition, Lou Haddad, current Executive Chairman and former Chief Executive Officer, will step down from his role as Chairman effective January 1, 2026, and will remain a member of the Board of Directors. Haddad's ongoing involvement as a director ensures access to his extensive institutional knowledge.