Douglas Elliman Inc. announced on October 22, 2024, that Howard M. Lorber, aged 76, has retired from his positions as President, Chief Executive Officer, and Chairman of the Board. The company expressed appreciation for Mr. Lorber's strategic vision and dedication during his tenure.
Michael Liebowitz, aged 55, a current Board Director, has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman. Mr. Liebowitz brings extensive experience from founding, acquiring, and monetizing businesses within the insurance and financial industries.
Mr. Liebowitz stated his honor in leading Douglas Elliman into its next chapter of growth and diversification, citing the company's strong balance sheet and robust pipeline in its Development Marketing business. He emphasized a commitment to executing the strategic vision and maximizing shareholder value.
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