Randy Kostroske — Senior Vice President of Risk Management at Howard Hughes Corporation

Mr. Randy Kostroske has been Senior Vice President of Risk Management at The Howard Hughes Corporation since August 14, 2016. Mr. Kostroske has extensive experience in the commercial real estate industry and partners with the HHC executive leadership team as an active member of the Board's Risk Committee to identify and evaluate risks in the overall strategic plan and assets of a publicly traded company. He negotiates all commercial lines of insurance for Howard Hughes and leads the Risk Management team in proactively developing and implementing solutions to manage and mitigate the risks for a $5 billion market cap company who manages and develops commercial, residential and mixed-use real estate including master planned communities, operating properties, development opportunities and other unique assets across the U.S. Mr. Kostroske has created successful risk management departments from scratch while building effective, productive working relationships with insurance professionals, and he has a strong reputation for achieving significant cost reductions at all organizations he has worked for. Prior to joining HHC, Mr. Kostroske served as the Vice President of Risk Management and Compliance for Crescent Real Estate Equities, a publicly traded REIT. During his fifteen years at Crescent, he oversaw all insurance/risk management issues for the Class A office, hotel and residential development portfolios. Upon Morgan Stanley's acquisition of Crescent in 2007, he became a senior risk management consultant to Morgan Stanley and provided key leadership to advance the 'start-up' Risk Management infrastructure within Morgan Stanley's real estate operations, which insured assets with total values in excess of $80 billion. During the ten years prior to joining Crescent, Mr. Kostroske served as Director of Risk Management at Color Tile, Inc. and as a Risk Manager at Tandy Corporation (now RadioShack Corporation) before starting his career as an Internal Auditor for both Tandy Corporation and Hospital Corporation of America. Mr. Kostroske has a B.S. in Accountancy from Southern Illinois University in Edwardsville, IL and he is also a Certified Public Accountant (CPA) and a General Lines Insurance Agent licensed in the State of Texas. He is also a member of Risk and Insurance Management Society (RIMS), American Institute of Certified Public Accountants (AICPA) and Texas Society of Certified Public Accountants (TSCPA).