Douglas Elliman Inc. Launches CFO Search
20 6월 2023 - 10:00PM
Business Wire
Reflects Douglas Elliman’s Strong Progress in
Establishing Independent Corporate Infrastructure Since Spin-off
from Vector Group and Plans to Phase Out Transition Services
Agreement
Douglas Elliman Inc. (NYSE: DOUG) (“Douglas Elliman” or the
“Company”) today announced that it has launched a search for a
Chief Financial Officer. J. Bryant Kirkland III, who has served as
CFO of Douglas Elliman since its spin-off from Vector Group Ltd.
(NYSE: VGR) on December 29, 2021, will remain in his position at
Douglas Elliman during the search process and will work with the
next CFO of Douglas Elliman to ensure a smooth transition. Mr.
Kirkland will continue to serve as CFO of Vector Group.
Douglas Elliman has made strong progress in establishing its own
corporate infrastructure since the spin-off from Vector Group and
has begun to take steps to phase out the Transition Services
Agreement with Vector Group, under which Vector Group provides
certain corporate and other services to Douglas Elliman.
Howard M. Lorber, Chairman and CEO of Douglas Elliman, said, “We
are now nearly 18 months out from Douglas Elliman’s successful
spin-off from Vector Group, and consistent with our goal of phasing
out the Transition Services Agreement, it is the appropriate time
to recruit a CFO exclusively dedicated to Douglas Elliman. Bryant
has been an integral member of the Douglas Elliman management team,
including structuring and executing the spin-off and building the
solid foundation required to grow as an independent, publicly
traded company. On behalf of the Board of Douglas Elliman, I want
to express our deep gratitude to Bryant for his willingness to
serve in this role at a critical time in Douglas Elliman’s
evolution. I look forward to continuing to work with Bryant as CFO
of Vector Group.”
Douglas Elliman has retained U.S. Executive Search, Inc. to
conduct the CFO search and will communicate further updates as
appropriate.
About Douglas Elliman Inc. Douglas Elliman Inc. (NYSE:
DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is
one of the largest residential brokerage companies in the United
States with operations in New York City, Long Island, Westchester,
Connecticut, New Jersey, the Hamptons, Massachusetts, Florida,
California, Texas, Colorado, and Nevada. In addition, Douglas
Elliman sources, uses and invests in early-stage, disruptive
property technology (“PropTech”) solutions and companies and
provides other real estate services, including development
marketing, property management and settlement and escrow services
in select markets. Additional information concerning Douglas
Elliman is available on its website, investors.elliman.com.
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Emily Claffey/Benjamin Spicehandler/Columbia Clancy FGS Global
212-687-8080
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