Global Real Estate Industry Leader Brett White Appointed to Realogy Board of
Former CEO of CBRE Group Becomes Realogy's Third Independent Director
PARSIPPANY, NJ -- (Marketwire) -- 01/28/13 -- Realogy Holdings Corp.
(NYSE: RLGY), a global leader in residential real estate franchising
and relocation services, announced the appointment of Brett White to
its Board of Directors, effective Jan. 24, 2013. Most recently, White
was chief executive officer of CBRE Group, Inc., the world's leading
commercial real estate services firm, from June 2005 until his
retirement on Nov. 30, 2012. White also served as CBRE's president
from September 2001 to March 2010. CBRE Group is a Fortune 500 and
S&P 500 company listed on the New York Stock Exchange. Under White's
leadership, the company's reported revenue increased from $2.9
billion in 2005 to $5.9 billion through fiscal year 2011.
"Brett brings nearly 30 years of experience in the commercial real
estate sector, and he has served as chief executive officer of a
Fortune 500 company, guiding that global organization through a
period of significant growth during the past seven years," said
Richard A. Smith, chairman, chief executive officer and president of
Realogy Holdings Corp. "His wealth of operational experience on a
global scale, financial acumen and in-depth knowledge of the real
estate industry will be an asset to our Board, and we are pleased to
have a world-class executive of his caliber join us as an independent
From the time of White's appointment as president in 2001 until his
retirement, CBRE Group grew from 9,300 employees to approximately
34,000. CBRE went from a privately held company to a publicly traded
firm listed on the New York Stock Exchange in 2004, and the company
was named to the S&P 500 Index in 2006. In addition, White led three
transformational acquisitions and integrations for the company during
the past decade: Insignia/ESG (2003); Trammell Crow Company (2006);
and ING REIM (2011).
White has been determined to be an independent director for purposes
of the listing standards of the New York Stock Exchange. White
becomes the third independent director on the Realogy Holdings Board,
joining V. Ann Hailey and Michael J. Williams in that capacity.
Realogy's Board now consists of eight members.
Prior to becoming CBRE's president, White was chairman of the
Americas of CB Richard Ellis Services, Inc. from 1999 to 2001 and was
its president of brokerage services from 1997 to 1999. Prior to that,
White held various sales and management positions beginning in 1984.
Currently, White serves as a member of the Board of Directors of
Edison International and its wholly owned subsidiary, California
Edison Company, a California public utility company, a position he
has held since 2007.
White is a trustee of the University of San Francisco, and he has
been involved in a number of civic and charitable organizations,
including the Los Angeles Museum of Contemporary Art and Junior
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is
a global leader in residential real estate franchising with
company-owned residential real estate brokerage operations doing
business under its franchise systems as well as relocation and title
services. Realogy's brands and business units include Better Homes
and Gardens(R) Real Estate, CENTURY 21(R), Coldwell Banker(R),
Coldwell Banker Commercial(R), The Corcoran Group(R), ERA(R),
Sotheby's International Realty(R), NRT LLC, Cartus and Title Resource
Group. Collectively, Realogy's franchise system members operate
approximately 13,500 offices with 239,500 independent sales
associates doing business in 103 countries around the world. Realogy
is headquartered in Parsippany, N.J.
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