The Howard Hughes Corporation has appointed Correne Loeffler as the company’s chief financial officer.
She succeeds David O’Reilly, who was named chief executive officer in December. O’Reilly has been serving as interim CFO since then and Loeffler will effectively take on the role on April 19.
Loeffler served as CFO for Whiting Petroleum Corp. before it filed for Chapter 11 bankruptcy last year and as vice president of finance and treasurer for the Callon Petroleum Company. She also served as Callon’s Interim CFO and has held positions at JPMorgan Securities, Corporate Client Banking Group, 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,” O’Reilly said in a press release.
Loeffler graduated from Indiana University with a bachelor’s degree in computer science and a minor in mathematics. She also holds a Master of Business Administration from the University of Texas at Austin’s McCombs School of Business. “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,” Loeffler said in the press release.
HHC recently announced plans to expand its master-planned Bridgeland community in West Houston and unveiled plans for its third of four villages, Prairieland Village, that will add about 7,000 homesites to the expanding development and house about 26,000 residents. The company also plans to grow its portfolio of master-planned communities and mixed-use small cities in Columbia, Maryland, Honolulu and Las Vegas.