Howard Hughes Holdings appoints two new independent directors

NEW YORK - Howard Hughes Holdings Inc. (NYSE:HHH), a $4.09 billion real estate holding company trading near its 52-week high of $87.77, announced Tuesday the appointment of Thom Lachman and Susan Panuccio as independent directors to its board, according to a company press release. InvestingPro data shows the company maintains a "GREAT" financial health score of 3.26 out of 5.

Lachman currently serves as Chairman and CEO of Duracell, a Berkshire Hathaway company. He joined Duracell in 2016 as North America President and was promoted to his current role in 2018. Prior to Duracell, Lachman spent 33 years at Procter & Gamble working with brands including Gillette, Tide, and Old Spice.

Panuccio brings financial expertise from her career that began at KPMG and progressed through various roles at News Corporation, where she most recently served as CFO. During her tenure at News Corp, she oversaw financial strategy as the company shifted toward digital and subscription-based business models.

"Thom and Susan both bring tremendous expertise and proven track records," said Bill Ackman, Executive Chairman of Howard Hughes Holdings, in the statement.

The new directors succeed Beth Kaplan and Steve Shepsman, who did not stand for re-election at the company’s annual meeting.

Howard Hughes Holdings operates as a holding company with a real estate platform that manages master planned communities across the United States, including The Woodlands and Bridgeland in Texas, Summerlin in Las Vegas, and Ward Village in Honolulu. The company maintains strong liquidity with a current ratio of 2.04 and trades at an attractive P/E ratio of 11.12. For deeper insights into HHH’s financial metrics and growth potential, including exclusive ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports covering 1,400+ top US stocks.

In other recent news, Howard Hughes Holdings Inc. reported second-quarter results for 2025 that fell short of expectations, with earnings per share (EPS) at -$0.22, significantly missing the forecasted $1.04. Revenue also underperformed, reaching only $260.88 million compared to the anticipated $289.31 million. Despite these disappointing earnings, Howard Hughes Communities announced a record $1.2 billion in sales from their new luxury residential towers at Ward Village in Honolulu. The towers, ’Ilima Ward Village and Melia Ward Village, have achieved pre-sold levels of 41 percent and 52 percent, respectively.

Meanwhile, Seaport Entertainment Group Inc. has appointed Matt Partridge as the new President and CEO. He succeeds Anton Nikodemus, who will remain as a Special Advisor until November 2025. Additionally, Lenah Elaiwat has been named Interim Chief Financial Officer and Treasurer, while Michael Crawford will take on the role of Chairman of the Board. These developments reflect ongoing changes within the company’s leadership structure.

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