Howard hughes names paul layne as chief executive officer

The howard hughes corporation® announces transformation plan and new leadership following strategic review process.howard hughes corp - paul layne named chief executive officer.howard hughes corp - david r. weinreb and grant herlitz to step down from company.howard hughes corp - headquarters to move from dallas to woodlands® regional office in houston.howard hughes corp - sale of approximately $2 billion of non-core assets.howard hughes corp - layne replacing david weinreb on board of directors.howard hughes corp - plan will see $45 - $50 million per annum estimated reduction in overhead expenses.howard hughes corp - will eliminate its holding-company-type organizational structure.howard hughes - estimated $600 million of cash proceeds from sale, after debt repayment and transaction costs, will be used partly for share repurchases.howard hughes corp - will refocus its investment and development activities in core mpcs.
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