Realogy CFO Anthony E. Hull to Retire
Company Initiates Search for New CFO to Help Lead Next Phase of Growth
MADISON, N.J., Nov. 2, 2018 /PRNewswire/ -- Realogy Holdings Corp. (NYSE: RLGY) today announced that Anthony E. Hull, Executive Vice President, Chief Financial Officer and Treasurer, will retire from his position effective November 5, 2018. Hull, a 15-year veteran of Realogy and its former parent organization, will remain employed and serve as a senior advisor to Chief Executive Officer and President Ryan M. Schneider until March 31, 2019.
As part of this transition, Realogy's Board of Directors has appointed longtime company finance leader Timothy B. Gustavson as Interim Chief Financial Officer and Treasurer, adding to his duties as Senior Vice President, Chief Accounting Officer and Corporate Controller, effective November 5, 2018. Realogy is retaining an executive recruitment firm to begin the CFO search.
"Tony has had a tremendous positive impact on Realogy over the past 15 years," said Schneider. "He has helped Realogy navigate through both market booms and downturns, including the Great Recession. He led Realogy's successful 2012 IPO, and since then has guided Realogy as a public company. He has been a strategic and valued partner to our business leaders, and I appreciate his supporting my own recent transition as CEO. Tony leaves Realogy with a strong balance sheet and a deep bench of financial talent. I am grateful that he has agreed to continue with the company as a senior advisor to ensure a smooth transition."
"It has been a privilege to work with a standout team of leaders throughout my tenure at Realogy, and the decision to step away from my role during this time of exciting change at the company did not come without much thought and contemplation," said Hull. "However, I believe the time is right. Realogy is well positioned for the future, and I am fully confident in the capable leadership of Ryan, Tim and my entire organization to help guide the company through its next chapter of growth and evolution."
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of residential real estate services in the U.S. that is focused on empowering independent sales agents to best serve today's consumers. Realogy delivers its services through its well-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Climb Real Estate®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran Group®, ERA®, Sotheby's International Realty® as well as NRT, Cartus®, Title Resource Group and ZapLabs®, an in-house innovation and technology development lab. Realogy's fully integrated business model includes brokerage, franchising, relocation, mortgage, and title and settlement services. Realogy provides independent sales agents access to leading technology, best-in-class marketing and learning programs, and support services to help them become more productive and build stronger businesses. Realogy's affiliated brokerages operate around the world with approximately 193,600 independent sales agents in the United States and approximately 106,400 independent sales agents in 112 other countries and territories. Realogy is headquartered in Madison, New Jersey.
Certain statements in this press release constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Realogy Holdings Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates" and "plans" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.
Various factors that could cause actual future results and other future events to differ materially from those estimated by management include but are not limited to risks relating to management and key personnel changes. Consideration should be given to the areas of risk described above, as well as those risks set forth under the headings "Forward-Looking Statements" and "Risk Factors" in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarters ended March 31, 2018, June 30, 2018, and September 30, 2018. and our Annual Report on Form 10-K for the year ended December 31, 2017, and our other filings made from time to time, in connection with considering any forward-looking statements that may be made by us and our businesses generally. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.