VIRGINIA BEACH, Va. - Armada Hoffler Properties, Inc. (NYSE: NYSE:AHH) has announced the upcoming retirement of John W. Snow from its Board of Directors. The departure is slated for the date of the company's 2024 Annual Meeting of Stockholders. Snow, who served as the U.S. Treasury Secretary under President George W. Bush and has been a part of Armada Hoffler since its initial public offering, will step down in accordance with the company's newly amended Corporate Governance Guidelines, which stipulate that directors retire after reaching the age of 80.
During his tenure, Snow played a significant role in the company's growth and served as the lead independent director from 2013 to 2019. His extensive experience includes leadership positions at CSX Corporation (NASDAQ:CSX) and active roles in prominent business policy groups such as the Business Roundtable and the Business Council.
Lou Haddad, CEO of Armada Hoffler, expressed gratitude for Snow's "guidance, leadership, and service," acknowledging his instrumental contributions to the company's board and its future direction.
The announcement of Snow's retirement is based on the company's current expectations and follows the forward-looking language outlined in the Private Securities Litigation Reform Act of 1995. Armada Hoffler, a real estate investment trust known for its development, acquisition, and management of high-quality properties, has emphasized that Snow's retirement aligns with the company's strategic planning and governance principles.
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