Howard Hughes adds two new independent directors to board

Howard Hughes Holdings (NYSE: HHH) appointed Thom Lachman and Susan Panuccio as independent directors to its board of directors, according to a company statement.

Lachman serves as chairman and CEO of Duracell, a Berkshire Hathaway company. He joined Duracell in 2016 as North America president and transition team leader following Berkshire Hathaway's acquisition of the battery company from Procter & Gamble. He was promoted to chairman and CEO in 2018. Prior to Duracell, Lachman worked at Procter & Gamble for 33 years on brands including Gillette, Tide, Old Spice, Pampers, and Cover Girl. He holds a bachelor's degree in chemical engineering and an MBA from Tulane University.

Panuccio began her career at KPMG and held finance positions at Ansett Australia and AngloGold Ashanti before joining News Corporation in 2002. She held various strategic, operational and finance roles in the UK and Australia, becoming CFO of News UK in 2008 and CFO of News Corp Australia in 2013. In 2017, she became CFO of News Corp in New York, overseeing financial strategy during the company's transition to a digital and subscription-led business model. She earned a bachelor's degree in accounting and technology from Ballarat University.

The two new directors replace Beth Kaplan and Steve Shepsman, who did not stand for re-election at the company's annual meeting.

Howard Hughes Holdings operates as a holding company focused on real estate development through its platform Howard Hughes Communities, which owns and develops commercial, residential, and mixed-use properties across the United States.

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