Howard Hughes Holdings appointed Thom Lachman and Susan Panuccio as independent Directors, enhancing its board's expertise for future growth.
Quiver AI Summary
Howard Hughes Holdings has appointed Thom Lachman and Susan Panuccio as independent directors to its board, enhancing its leadership team as the company embarks on a new growth phase. Executive Chairman Bill Ackman praised their extensive expertise in delivering long-term value, highlighting Lachman's operational leadership at Duracell and Panuccio's financial transformation experience at News Corp. They will succeed outgoing directors Beth Kaplan and Steve Shepsman, who are not standing for re-election. The announcement positions Howard Hughes Holdings as a company focused on diversifying and strengthening its real estate platform, which includes prominent developments across the U.S.
Potential Positives
- The appointment of Thom Lachman and Susan Panuccio as independent Directors brings a wealth of expertise in operational excellence and financial strategy, which are vital for the company's growth and value creation.
- Thom Lachman's leadership experience at Duracell and in global consumer brands is expected to enhance the company's position as it diversifies into a holding company.
- Susan Panuccio's track record in financial transformation and her experience at News Corporation during a pivotal transition supports Howard Hughes Holdings' objectives for long-term shareholder value growth.
Potential Negatives
- The appointment of new independent directors may indicate an ongoing transition or uncertainty within the company's leadership, as previous directors did not seek re-election.
- Despite the optimistic statements about growth and diversification, the need for new leadership may imply potential challenges or shortcomings in the company's existing strategies.
- The reliance on forward-looking statements raises concerns about the company's future performance, as actual results may differ materially from management's expectations.
FAQ
Who are the new independent Directors at Howard Hughes Holdings?
Thom Lachman and Susan Panuccio have been appointed as independent Directors of Howard Hughes Holdings.
What experience does Thom Lachman bring to the Board?
Thom Lachman has extensive leadership experience in global consumer brands, serving as Chairman and CEO of Duracell.
What role did Susan Panuccio have at News Corporation?
Susan Panuccio served as CFO at News Corporation, overseeing financial strategy during a significant transition period.
What is Howard Hughes Holdings focused on?
Howard Hughes Holdings focuses on growing long-term shareholder value through its real estate management and development operations.
Why did Beth Kaplan and Steve Shepsman leave the Board?
Their departure was due to not standing for re-election at the Company’s Annual Meeting.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HHH Insider Trading Activity
$HHH insiders have traded $HHH stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $HHH stock by insiders over the last 6 months:
- JOSE MIGUEL BUSTAMANTE (President, Nevada) purchased 700 shares for an estimated $49,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HHH Hedge Fund Activity
We have seen 138 institutional investors add shares of $HHH stock to their portfolio, and 158 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HARRIS ASSOCIATES L P removed 1,463,706 shares (-92.2%) from their portfolio in Q2 2025, for an estimated $98,800,155
- EGERTON CAPITAL (UK) LLP removed 1,196,288 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $80,749,440
- WELLS FARGO & COMPANY/MN added 615,221 shares (+345.3%) to their portfolio in Q2 2025, for an estimated $41,527,417
- NEW SOUTH CAPITAL MANAGEMENT INC removed 485,201 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $32,751,067
- DONALD SMITH & CO., INC. removed 472,328 shares (-30.1%) from their portfolio in Q2 2025, for an estimated $31,882,140
- DENDUR CAPITAL LP removed 342,524 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $23,120,370
- CRCM LP added 307,223 shares (+inf%) to their portfolio in Q2 2025, for an estimated $20,737,552
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HHH Analyst Ratings
Wall Street analysts have issued reports on $HHH in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Piper Sandler issued a "Overweight" rating on 05/23/2025
- BMO Capital issued a "Outperform" rating on 05/07/2025
To track analyst ratings and price targets for $HHH, check out Quiver Quantitative's $HHH forecast page.
$HHH Price Targets
Multiple analysts have issued price targets for $HHH recently. We have seen 3 analysts offer price targets for $HHH in the last 6 months, with a median target of $85.0.
Here are some recent targets:
- Anthony Paolone from JP Morgan set a target price of $85.0 on 08/29/2025
- Alexander Goldfarb from Piper Sandler set a target price of $85.0 on 05/23/2025
- An analyst from BMO Capital set a target price of $80.0 on 05/07/2025
Full Release
THE WOODLANDS, Texas, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Howard Hughes Holdings (NYSE: HHH) today announced the appointment of Thom Lachman and Susan Panuccio as independent Directors of the Company.
“Thom and Susan both bring tremendous expertise and proven track records of delivering growth and long-term value creation, and we are delighted to welcome them to the Board,” said Bill Ackman, Executive Chairman of Howard Hughes Holdings. “Thom’s operational excellence and leadership in global consumer brands, and Susan’s deep experience in corporate strategy and financial transformation will be invaluable as the company diversifies and grows into the next great diversified holding company.”
“We are pleased to welcome Thom and Susan at the start of what promises to be a defining new chapter for Howard Hughes Holdings,” said David R. O’Reilly, Chief Executive Officer of Howard Hughes. “Their extensive experience and fresh perspectives will strengthen our Board as we execute our long-term growth objectives.”
Mr. Lachman is the Chairman and CEO of Duracell, a Berkshire Hathaway company. Duracell is the leading global disposable battery brand in the world with a presence in over 90 countries. Mr. Lachman joined Duracell in 2016 as the North America President and leader of the transition team after Duracell was purchased from Procter and Gamble. He was promoted to Chairman and CEO in 2018. Prior to joining Berkshire Hathaway, Mr. Lachman worked for Procter and Gamble for 33 years on some of the most well-known and valuable global packaged good brands including Gillette, Tide, Old Spice, Pampers, and Cover Girl. Mr. Lachman earned a BS in Chemical Engineering as well as an MBA from Tulane University.
Ms. Panuccio started her professional career with KPMG and held finance roles at Ansett Australia and AngloGold Ashanti prior to joining News Corporation in 2002. At News Corporation, Ms. Panuccio held a variety of strategic, operational and finance roles in the UK and Australia. She became CFO of News UK in 2008 and CFO of News Corp Australia in 2013, serving on the Board of Foxtel and the ASX listed REA. In 2017, she became CFO of News Corp, a diversified News and Information services company in New York. During her tenure as CFO, she oversaw financial strategy during a transformative period marked by the company’s transition towards a digital and subscription led business, which delivered margin expansion, strong share price growth and shareholder returns. Ms. Panuccio earned a Bachelor of Business Administration in Accounting and Technology from Ballarat University.
Mr. Lachman and Ms. Panuccio succeed Beth Kaplan and Steve Shepsman, who did not stand for re-election at the Company’s Annual Meeting.
About Howard Hughes Holdings
Howard Hughes Holdings (HHH) is a holding company focused on growing long-term shareholder value. Through its real estate platform, Howard Hughes Communities, HHH owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including The Woodlands
®
, Bridgeland
®
and The Woodlands Hills
®
in the Greater Houston, Texas area; Summerlin
®
in Las Vegas; Teravalis™ in the Greater Phoenix, Arizona area; Ward Village
®
in Honolulu, Hawaiʻi; and Merriweather District
®
in Columbia, Maryland. Howard Hughes Holdings is traded on the New York Stock Exchange as HHH.
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.
Media Contact
Cristina Carlson
Howard Hughes
[email protected]
646-822-6910
Francis McGill
Pershing Square
[email protected]
212-909-2455
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/5848591d-67ba-46a3-bba2-98b9b44ea93d
https://www.globenewswire.com/NewsRoom/AttachmentNg/02bea01a-e53d-4586-b62d-b5c7d5d2cb9b
