Armada Hoffler CEO Lou Haddad to retire, Shawn Tibbetts to succeed

Armada Hoffler’s (AHH) board of directors announces that Shawn Tibbetts, the company’s president and COO, has been named CEO beginning January 1. Current CEO Lou Haddad will retire at the end of 2024 but will retain the role of executive chairman of the company’s board of directors. Additionally, the board of directors expects to appoint Tibbetts to the board of directors upon his elevation to CEO. Tibbetts, who has served as the company’s COO since 2019 and was elevated to president earlier this year as part of a succession planning process conducted over the last several years and published early this year, has been a driver of Armada Hoffler’s strategic growth. Tibbetts previously served as The Port of Virginia’s president and COO.