LINDA FOGGIE RESIGNS FROM BOARD OF DIRECTORS OF THE HOWARD HUGHES CORPORATION®

Rhea-AI Summary

The Howard Hughes Corporation (NYSE: HHC) announced the resignation of Linda Foggie from its board of directors, effective June 27, 2022. The decision was made due to potential conflicts with her current employment. The company, known for its extensive portfolio of real estate developments across the U.S., continues to focus on innovative placemaking and design excellence in master-planned communities.

Positive

• The departure of Linda Foggie may allow for new board appointments that align more closely with the company's strategic goals.

Negative

• Her resignation could indicate potential disruptions or shifts in board dynamics.

THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) announced today that Linda Foggie has resigned from the company's board of directors, effective June 27, 2022. Ms. Foggie resigned from the HHC Board because she believed that board service would be inconsistent with the terms of her current employment.

About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Douglas Ranch in Phoenix, Arizona. The Howard Hughes Corporation's portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC. For additional information, visit www.howardhughes.com.

Contacts:

The Howard Hughes Corporation
Cristina Carlson, 646-822-6910 
Senior Vice President, Head of Corporate Communications 
cristina.carlson@howardhughes.com

For HHC Investor Relations
John Saxon, 281-929-7808 
Chief of Staff 
john.saxon@howardhughes.com

Carlos Olea, 281-475-2143
Chief Financial Officer
carlos.olea@howardhughes.com

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SOURCE The Howard Hughes Corporation

FAQ

Why did Linda Foggie resign from the board of Howard Hughes Corporation?

Linda Foggie resigned from the board due to concerns that her service would conflict with her current employment.

When did Linda Foggie's resignation from Howard Hughes Corporation take effect?

Her resignation took effect on June 27, 2022.

What is the impact of board member resignations on Howard Hughes Corporation?

Board member resignations may lead to shifts in governance and strategy, potentially affecting company performance.