The Howard Hughes Corporation® Names Correne Loeffler As Chief Financial Officer

HOUSTON, TX -- The Howard Hughes Corporation® (NYSE: HHC) today announced that Correne Loeffler has been appointed to serve as the company's Chief Financial Officer, effective April 19, 2021. Ms. Loeffler succeeds David O'Reilly as the company's CFO, a position that he has held since joining HHC in 2016 and has continued to hold on an interim basis since being appointed HHC's Chief Executive Officer in December 2020.

Prior to joining HHC, Ms. Loeffler held the position of Chief Financial Officer for Whiting Petroleum Corporation, where she managed the company's Finance, Accounting, and Corporate Planning organizations, as well as helped restructure $2.4 billion of unsecured debt. She previously served as Vice President of Finance and Treasurer for the Callon Petroleum Company in Houston. In addition, she served as Callon's Interim Chief Financial Officer. Prior to that she spent over a decade at JPMorgan Securities before leaving as an Executive Director in the Corporate Client Banking group. Ms. Loeffler also held positions at Bank of America and Accenture.

'Correne's experience in leading organizations, developing talent and driving performance as well as her financial expertise will make her a valued addition to HHC,' said David O'Reilly, Chief Executive Officer, The Howard Hughes Corporation. 'Her ability to operate and deliver in complicated and fluid situations as well as work with varied stakeholders will help us continue to accelerate development across our portfolio and achieve our financial goals. Correne makes an important addition to our executive leadership team.'

HHC recently announced plans to accelerate growth across the company's acclaimed portfolio of master planned communities and mixed-use small cities, with over 2,000,000 square feet of new developments in Downtown Columbia®, MD; Ward Village®in Honolulu; Summerlin® in Las Vegas; and Bridgeland® in the Houston region.

'This is an exciting time to be joining The Howard Hughes Corporation, as the company is poised to accelerate its growth given their robust balance sheet,' said Ms. Loeffler. 'I am looking forward to being part of the next chapter for HHC and helping to drive long-term value creation across the company's collection of exceptional assets.'

Ms. Loeffler graduated from Indiana University with a Bachelor of Arts degree in Computer Science and a minor in Mathematics. She holds a Master of Business Administration degree from the McCombs School of Business at The University of Texas at Austin.