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RE/MAX names Adam Contos co-CEO

RE/MAX Holdings, Inc. (NYSE: RMAX), announced today the appointment, effective immediately, of Chief Operating Officer (COO) Adam Contos to RE/MAX co-chief executive officer (co-CEO), sharing responsibilities with Dave Liniger, the company's former co-founder and now co-CEO. The company is the parent company of RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, and Motto Franchising, LLC, franchisor of the innovative Motto Mortgage network of mortgage brokerages. The appointment allows Liniger to focus on furthering the company’s leadership position in the industry while driving special strategic initiatives.

“I’m proud to have Adam, who has successfully led many key functions in our business over the last 13 years, partner with me at the CEO position,” said Liniger. “We have a talented and dedicated group of leaders at RE/MAX and I’ve been actively working with them to build our future. Under Adam’s leadership, I know this dynamic team will further our position as the number one name in real estate.”

RE/MAX has employed the co-CEO structure in several of its CEO transitions. The approach ensures continuity in RE/MAX leadership, in its successful and unique business model, and in the overall company strategy.

“We’re fortunate to have a deep and talented executive team at RE/MAX. They share the same drive and desire to succeed that I had when I created this company over 44 years ago,” Liniger continued. “We’re all strongly aligned around the core strategy, values, culture and mission that have made this company great. I’m confident that the strength of our management team supported by our exceptional agents, brokers, franchise owners and employees will continue to drive our future growth and success.”

As COO, Contos managed RE/MAX daily operations including IT, HR, Business Development, Events, Brand Marketing, Communications, Media and Public Relations.

“Dave’s founding principles and culture of success along with the dedication of RE/MAX agents and owners have made RE/MAX the greatest real estate company in the world,” said Contos. “I’m honored to drive RE/MAX forward on behalf of over 110,000 agents who represent this iconic brand by delivering exceptional service to their clients. We will continue to advance RE/MAX and the real estate industry by delivering the products and services that have made our franchisees and agents so successful for the last four decades.”

Serene Smith, Senior Vice President of Financial Planning and Business Analytics, succeeds Contos as Chief Operating Officer. Smith joined RE/MAX in 2006 as the Senior Manager of Internal Audit and was named Vice President, Financial Planning and Analysis, in 2014 and a Senior Vice President in January 2016.

RE/MAX recently celebrated an impressive 2016, with the largest agent growth since the recession in early 2008 along with successfully launching Motto Mortgage, the first franchise mortgage concept in the United States. RE/MAX grew to over 110,000 agents last year and has a presence in 100 countries and territories, a global footprint unmatched by any other real estate brand.

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