Armada Hoffler Announces Eva T. Hardy, Lead Independent Director, Will Retire From the Company's Board of Directors

Core Viewpoint - Eva Hardy, a long-serving member of Armada Hoffler's Board of Directors, will retire in accordance with the company's mandatory retirement age policy established in 2024 [1][4] Group 1: Board Member Contributions - Eva Hardy has served on the Board since 2015 and as lead independent director since 2022, providing invaluable guidance and strategic insight over her decade of service [1][4] - Hardy expressed pride in her service and confidence in the company's leadership to continue advancing long-term objectives and creating value for stakeholders [2] Group 2: Background and Experience - Hardy retired as Executive Vice President of External Affairs and Corporate Communications at Dominion Energy in 2008, after a 20-year executive career [2] - She has extensive experience in local and state government, including roles as an urban planner, Commissioner of Labor, and Secretary of Health and Human Resources in Virginia [2][3] - Currently, Hardy serves as a Commissioner of the Virginia Port Authority and has been involved with various community boards and educational institutions [3] Group 3: Company Governance - The mandatory retirement age policy reflects Armada Hoffler's commitment to board refreshment and strong governance practices, ensuring continued board effectiveness and strategic oversight [4] - The company has over four decades of experience in developing, building, acquiring, and managing high-quality properties, operating as a vertically integrated, self-managed real estate investment trust (REIT) [5]