Longtime member’s many contributions are greatly appreciated by the Company
VIRGINIA BEACH, Va., March 04, 2024 — Armada Hoffler (NYSE: AHH) announced that John W. Snow, 84, will retire as a member of the Company’s Board of Directors effective as of the date of Armada Hoffler’s 2024 Annual Meeting of Stockholders. Armada Hoffler’s Board of Directors recently approved an amendment to Armada Hoffler’s Corporate Governance Guidelines pursuant to which directors will no longer stand for re-election after they reach the age of 80. Serving as a director since Armada Hoffler’s initial public offering and as lead independent director from 2013-2019, Snow has been an integral part of the company’s growth.
“I have greatly enjoyed my time with Armada Hoffler and am proud to have served on the board since the IPO,” said John Snow. “I am delighted by the growth the company has seen since going public and have every confidence in the company’s future and the new leadership team.”
As U.S. Treasury Secretary under President George W. Bush, Snow steered the 2003 Jobs and Growth Tax Relief Act, shaping domestic and global economic policy. He was also Chairman and Chief Executive Officer of CSX Corporation and served as a Chairman of the Business Roundtable and on the Business Councils executive committee, a prestigious business policy group comprised of 250 chief executive officers of the nation’s largest companies.
Snow holds a B.A. from the University of Toledo, a master’s degree from Johns Hopkins University, a law degree from George Washington University and a PhD in Economics from the University of Virginia.
“John has been a dedicated and valuable member of our Board of Directors, and we are deeply grateful for his guidance, leadership and service,” said Lou Haddad, CEO of Armada Hoffler. “John has been instrumental in shaping this board and its future. We wish him well.”
About Armada Hoffler
Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. We also provide general construction and development services to third-party clients, in addition to developing and building properties to be placed in our stabilized portfolio. Founded in 1979 by Daniel A. Hoffler, Armada Hoffler has elected to be taxed as a REIT for U.S. federal income tax purposes.
