Newmark has announced that Barry Gosin, having been in the role since 1979, will step down as Chief Executive Officer on December 31, 2026. He will continue as Chairman of Newmark & Company Real Estate, Inc., Newmark’s operating company, to focus on relevant and impactful topics.
Newmark has a deep and experienced leadership team, and this orderly transition positions the Company for continued success in the years ahead. Newmark’s Board of Directors expects to identify a new CEO by year end.
Stephen Merkel, Chairman of the Board, Executive Vice President and Chief Legal Officer of Newmark, said, “For nearly five decades, Barry, along with his entire leadership team, have led Newmark through some of its most consequential milestones, including its initial public offering in 2017 and becoming the fastest growing publicly traded commercial real estate firm in the world, increasing annual revenues by over 1,400% since 2011 while expanding to more than 10,000 professionals across approximately 195 locations.”
Barry Gosin said, “The Company is stronger than ever, our strategy is working, and the opportunities ahead are substantial, which is why I believe now is the right time to take a step back from day-to-day operations to focus solely on matters that will make a difference to Newmark, and to support the Company through this transition.”