Hines Names New Co-CEO as Part of Broader Leadership Shift
As part of the transition, current co-CEO Jeffrey Hines will serve as chairman.
Hines Co-CEO Jeffrey Hines will step down at the end of this year and move into a new role as chairman, the Houston-based developer and investor said on Friday. His successor will be Adam Hines, the firm’s current chief of staff to the CEO’s office.
Laura Hines-Pierce, the company’s other co-CEO and sister of Adam Hines, will remain in her role, which she has held since 2022.
The announcement comes as part of a broader leadership transition at the Houston-based developer and investor. David Steinbach will serve as the company’s president, and Alfonso Munk was named global chief Investment officer.
Additionally, Laura Hines-Pierce will replace Jeffrey Hines as CEO & board chair of Hines Global Investment Trust.
As chairman, Jeffrey Hines will step back from his current day-to-day duties and advise the new leadership team. The company is also establishing an independent External Advisory Board to provide the co-CEOs with counsel, though it will not have any governance authority.
Today’s leadership changes continue the transition to the third generation of the Hines family. Gerald Hines founded the firm in 1957, and his son, Jeffrey Hines, became president in 1990. By 2008, Jeffrey Hines was serving as CEO. Gerald Hines died in 2020 at the age of 95.
Today, the firm manages about $91 billion of assets on behalf of institutional and private wealth clients.
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