Douglas Elliman’s Dottie Herman Steps Down as CEO of Brokerage
- Outgoing boss sold stake in company for $40 million in 2018
- President Scott Durkin takes over top job at NYC firm
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Dottie Herman is stepping down as chief executive officer of New York-based brokerage Douglas Elliman Real Estate.
Scott Durkin, the firm’s president and chief operating officer, will be promoted to CEO, the company said in a statement Tuesday. Herman, who has led the brokerage since 2003, will become vice chair, a role that includes advising Chairman Howard Lorber and mentoring agents across the U.S.