HIC Land Appoints Victor Padilla as Co-CEO
The South Carolina-based firm expands its executive leadership to support rapid growth and strategic land development.
Updated on Oct. 21, 2026 in People
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HIC Land has appointed long-time employee Victor Padilla as its new co-CEO alongside founder Stefan Hoyer. This leadership transition is designed to accelerate decision-making and support the company's next phase of growth.
Why it matters
The expanded executive structure aims to provide partners and clients with greater access to senior leadership while maintaining the companys core culture. It positions the firm to effectively manage its ambitious development pipeline.
HIC Land maintains control over 48,000 lots and operates across 8 states with total regional investments reaching $300 million. The company plans to develop more than 7,500 multifamily density units and 700 acres of commercial property.
The players
Victor Padilla
He is the new co-CEO of HIC Land who previously served as the firm's director of operations and was its first employee.
Stefan Hoyer
He is the founder of HIC Land and continues to serve as co-CEO alongside Victor Padilla.
HIC Land
This is a South Carolina-based real estate firm that operates across the Southeast United States with a focus on multifamily and commercial property.
The details
Padilla, the company's first hire, transitions into the co-CEO role after previously serving as director of operations. He brings extensive financial expertise to the position, including a background as an audit senior at Deloitte and a credential as a Certified Public Accountant.
Timeline
Stefan Hoyer founded HIC Land in 2008.
Victor Padilla became a Certified Public Accountant in 2015.
Victor Padilla was appointed as co-CEO in October 2026.
Market Landscape
The adoption of co-CEO models represents a trend seen in private real estate firms to manage rapid operational scaling during phases of high growth. HIC Land is following this management trend by adding a co-CEO to maintain organizational agility during its expansion phase.
The transition ensures that the company can provide more direct access to senior leadership for its partners and existing clients. This operational change is expected to streamline local interactions and accelerate the delivery of ongoing commercial and residential developments.
The takeaway
Appointing a long-term internal hire as co-CEO often helps firms bridge the gap between their foundational culture and future scale. Companies looking to grow rapidly may find that splitting executive responsibilities preserves institutional knowledge while adding necessary administrative bandwidth.
Further reading
For more on industry leadership trends, visit the People section.
Source note: This article includes information reported by Post and Courier.
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