Howard Hughes Corporation
#2842
Rank
$4.1B
Marketcap
United States
Country
Mr. David R. O'Reilly (CEO & Director)
Mr. L. Jay Cross (Pres)
Mr. Peter F. Riley (Sr. Exec. VP, Sec. & Gen. Counsel)
Summary
History
General Growth Properties filed for Chapter 11 bankruptcy protection in 2009. The company proposed a reorganization plan that included spinning off a new company named General Growth Opportunities, which would include those properties that had long-term development potential but little or no income. The name of the proposed spin-off was later changed to The Howard Hughes Corporation . The spin-off of HHC to GGP's shareholders was completed on November 9, 2010, when GGP exited bankruptcy. The new company held a portfolio that included GGP's master planned communities, mixed-use developments, and undeveloped land. Hedge fund manager Bill Ackman was appointed chairman of the new company.In 2019, in response to investor disappointment with the company's stock price, HHC conducted a review of strategic options, including the possibility of selling the company. Ultimately, the company announced a "transformation plan", under which it would focus on its master-planned communities and sell off $2 billion of non-core assets. HHC moved its headquarters from Dallas to The Woodlands in 2020 as a cost-cutting measure under this plan.
Mission
Vision
Key Team
Mr. Saul Adam Scherl (Pres of New York Region)
Mr. Carlos Olea (Chief Financial Officer)
Mr. David Michael Striph (Exec. VP & Head of Operations)
Mr. Andrew D. Davis (Sr. VP & Head of Investments)
Ms. Kristen L. Seaboch (Chief Accounting Officer)
Mr. Eric S. Holcomb (Sr. VP of Investor Relations)
Ms. Cristina Carlson (Sr. VP & Head of Corp. Communications)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Howard_Hughes_Corporation
https://in.investing.com/equities/howard-hughes-corp
https://finance.yahoo.com/quote/HHC/profile?p=HHC
https://www.comparably.com/companies/howard-hughes-corporation/mission
https://www.crunchbase.com/organization/howard-hughes-4964
https://sec.report/CIK/0001498828
Mr. David R. O'Reilly (CEO & Director)
Mr. L. Jay Cross (Pres)
Mr. Peter F. Riley (Sr. Exec. VP, Sec. & Gen. Counsel)