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Howard Hughes CEO re-ups for 10 years


David Weinreb, who took The Howard Hughes Corporation public, will now take the company well into the next decade.

The Dallas-based company announced it has entered into a new employment agreement with Weinreb that runs through 2027. As part of the deal, Weinreb completed the acquisition of nearly two million stock warrants in the company at a cost of $50 million.

Since taking the helm in 2011, the former longtime CEO of TPMC Realty Corp. helped Howard Hughes deliver a shareholder return of 207% versus 102% for the S&P 500, according to the company.

“I am very pleased that HHC has secured David’s visionary leadership through the coming decade. David’s proven track record over the last six years is a testament to [his] leadership and ability to assemble a world-class team,” said Chairman William Ackman in a press release.

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