Dave Liniger, who co-founded Re/Max in 1973, was elected to the CEO position following a vote by the Board of Directors. Liniger, who was previously acting as the Chairman of the Board, replaces Margaret Kelly.
"We owe Margaret our deepest gratitude for the contributions she has made over the last three decades,” Liniger said in a press release. “Her leadership during her tenure as CEO allowed us to emerge from the recent financial crisis as a stronger company and led us through an initial public offering. Due to Margaret's management, our business is performing exceptionally well and we're positioned to take advantage of the opportunities that lie ahead."
Liniger will officially take the position on December 31, 2014.
Re/Max is one of the world’s largest real estate brokerages, with more than 95 offices around the world, and more than 97,000 agents working under its name.
One of the co-founders of global realty giant Re/Max will take on the role of CEO, after the former head announced her plans to retire from the top position.