Howard Hughes Holdings Inc. Appoints Bhupesh Arora as Chief Technology Officer

Rhea-AI Summary

Howard Hughes Holdings Inc. (NYSE: HHH) has appointed Bhupesh Arora as its new Chief Technology Officer. Arora, with over 20 years of experience as a senior IT leader in Fortune 500 companies, will oversee technology strategy, development, and operations across HHH's national portfolio of master planned communities and mixed-use properties. He previously served as Vice President of Information Technology at Magellan Midstream Partners, LP, where he led IT strategy for a $3 billion annual revenue oil and gas pipeline company.

Carlos Olea, CFO of Howard Hughes, praised Arora's expertise in driving digital transformations. Arora expressed excitement about bringing his experience to HHH, recognizing the company's reputation for creating exceptional communities and its position at the forefront of real estate innovation.

Positive

• Appointment of an experienced CTO with over 20 years in senior IT leadership
• New CTO's background in driving digital transformations in Fortune 500 companies
• Potential for innovative technology implementation across HHH's portfolio

Negative

• None.

THE WOODLANDS, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) today announced that Bhupesh Arora has been named the company’s Chief Technology Officer. Mr. Arora will oversee technology strategy, development, and operations across the company’s national portfolio of large-scale master planned communities and mixed-use properties.

Mr. Arora brings more than 20 years of experience as a senior IT leader with various Fortune 500 global manufacturing and industrial companies, playing a pivotal role in driving global technology strategy and digital transformation. He most recently served as the Vice President, Information Technology at Magellan Midstream Partners, LP where he led the vision, strategy, and execution for information technology at the oil and gas pipeline company with $3 billion annual revenues.

“Bhupesh is a seasoned technologist and leader whose expertise will be a great asset to Howard Hughes as we continue to build and scale innovative technologies across our communities,” said Carlos Olea, Chief Financial Officer of Howard Hughes. “With his proven track record of leading digital transformations, Bhupesh is an excellent addition to the HHH team.” 

Mr. Arora serves as Board Executive Chair for Innovate@UCLA, a non-profit organization providing educational and innovative technology events for companies.

“Howard Hughes is at the forefront of real estate innovation, and I am excited for the opportunity to bring my experience driving transformative digital strategy to this forward-thinking company with its strong brand reputation for creating exceptional communities,” said Arora.

Mr. Arora earned a bachelor’s degree in production engineering from Fr. Conceicao Rodrigues College of Engineering, Mumbai, India, and an MBA from University of Arizona’s Eller College of Management.

About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. 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^® in Maryland; The Woodlands^®, Bridgeland^® and The Woodlands Hills^® in the Greater Houston, Texas area; Summerlin^® in Las Vegas; Ward Village^® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes 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. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For additional information visit www.howardhughes.com.

Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.

Contacts:

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

Investor Relations Contact
Howard Hughes Holdings Inc.
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e0e2aca-e091-4075-958f-ebb48f72a31a

FAQ

Who is the new Chief Technology Officer of Howard Hughes Holdings Inc. (NYSE: HHH)?

Bhupesh Arora has been appointed as the new Chief Technology Officer of Howard Hughes Holdings Inc. (NYSE: HHH) on July 16, 2024.

What is Bhupesh Arora's previous work experience before joining Howard Hughes Holdings Inc. (NYSE: HHH)?

Bhupesh Arora previously served as the Vice President of Information Technology at Magellan Midstream Partners, LP, an oil and gas pipeline company with $3 billion in annual revenues. He has over 20 years of experience as a senior IT leader in various Fortune 500 global manufacturing and industrial companies.

What will be Bhupesh Arora's responsibilities as CTO of Howard Hughes Holdings Inc. (NYSE: HHH)?

As CTO of Howard Hughes Holdings Inc. (NYSE: HHH), Bhupesh Arora will oversee technology strategy, development, and operations across the company's national portfolio of large-scale master planned communities and mixed-use properties.

How might Bhupesh Arora's appointment impact Howard Hughes Holdings Inc. (NYSE: HHH)?

Bhupesh Arora's appointment is expected to bring expertise in driving digital transformations to Howard Hughes Holdings Inc. (NYSE: HHH), potentially enhancing the company's ability to implement innovative technologies across its communities and properties.