Raffaeli, who will serve on the Compensation and
Audit Committees, succeeds retiring Board member Kathleen Cunningham
DENVER, Aug. 19,
2024 /PRNewswire/ -- RE/MAX Holdings,
Inc. (NYSE:RMAX), the parent company of RE/MAX, LLC, a
global leader in real estate brokerage franchising, and Motto
Mortgage, the first and only national mortgage brokerage franchise
brand in the U.S., is pleased to announce that Cathi Raffaeli joined its Board of Directors on
August 19, 2024. Raffaeli has also
been appointed to the Board's Compensation and Audit committees.
With over 25 years of experience in board leadership across
financial services, technology and education, she brings a wealth
of expertise to the role.
"I am confident that Cathi will make significant contributions
to the Company," said Dave Liniger,
Chairman of the Board. "She has an impressive track record of
driving growth and leading organizations. Her diverse experience
and strategic insight align perfectly with our goals, and we are
excited to welcome her to the team."
Currently, Raffaeli serves as CEO and Managing Director at
Hamilton White Group LLC and Soho Venture Partners Inc., two
related, syndicated investment and advisory firms, where her focus
is on financial strategies and investments. She is also involved
with Abrdn PLC, overseeing a $500
billion asset manager with a notable global real estate
portfolio. Her previous board roles include serving on the boards
of the Federal Home Loan Bank of New
York and American Home Mortgage Investment Corp.
Raffaeli's early career at Merrill Lynch Realty offered crucial
experience in real estate finance and brokerage operations, setting
the stage for her leadership roles in the mortgage industry. She
held significant positions at various financial institutions
including at Chase/Chemical Bank, where she directed marketing for
the mortgage division and established its groundbreaking
telemarketing division.
"I am thrilled to join the RE/MAX Holdings Board of Directors,"
said Raffaeli. "RE/MAX Holdings' focus on innovation, strategic
growth and support for franchisee success aligns with my
professional values. I am particularly excited about the
opportunity to contribute to the Board's objectives of enhancing
technological capabilities, expanding market reach, and fostering
an entrepreneurial culture within the real estate and mortgage
brokerage industries."
Raffaeli succeeds Kathy
Cunningham, who retired on August 19,
2024. Cunningham joined the Board in 2013 as the Company
prepared for its IPO and chaired the Audit Committee for nearly 11
years.
"On behalf of the Board of Directors, I want to express our
heartfelt appreciation to Kathy for her remarkable dedication and
service," Liniger said. "Her insightful guidance and unwavering
commitment have been instrumental in steering our company through
numerous challenges and opportunities. Kathy's legacy of excellence
will continue to inspire us as we move forward."
About RE/MAX Holdings, Inc.
RE/MAX Holdings, Inc. (NYSE: RMAX) is one of the world's leading
franchisors in the real estate industry, franchising real estate
brokerages globally under the RE/MAX® brand, and mortgage
brokerages within the U.S. under the Motto® Mortgage brand. RE/MAX
was founded in 1973 by Dave and Gail
Liniger, with an innovative, entrepreneurial culture
affording its agents and franchisees the flexibility to operate
their businesses with great independence. Now with more than
140,000 agents in nearly 9,000 offices and a presence in more than
110 countries and territories, nobody in the world sells more real
estate than RE/MAX, as measured by total residential transaction
sides. Dedicated to innovation and change in the real estate
industry, RE/MAX launched Motto Franchising, LLC, a ground-breaking
mortgage brokerage franchisor, in 2016. Motto Mortgage, the
first-and-only national mortgage brokerage franchise brand in the
U.S., has grown to over 225 offices across more than 40 states.
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SOURCE RE/MAX Holdings, Inc.