Long & Foster Taps New CEO, President Following Resignations | Inman
The announcement follows the resignations of former Lengthy & Foster Corporations President and CEO Jeff Detwiler and former Lengthy & Foster Actual Property President Boomer Foster, which have been made public in the beginning of this week.
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Lengthy & Foster Corporations has appointed Patrick Bain as CEO and president and Jackie Thiel as president of Lengthy & Foster Actual Property, the corporate introduced on Tuesday.
“Patrick and Jackie stand out as decisive and confirmed leaders who’ve earned the respect of Lengthy & Foster’s brokers, clients and staff,” Gino Blefari, CEO of HomeServices of America, mentioned in a press release. “I’m assured that with Patrick and Jackie’s recent perspective and in depth expertise mixed with their excellent management abilities, Lengthy & Foster is effectively positioned for continued development and success.”
Bain joined Lengthy & Foster in 2010 following an almost eight-year stint as vp and basic supervisor of Howard Hanna’s insurance coverage division. Most just lately, he was president of Lengthy & Foster Insurance coverage, HomeServices Property Administration, Perception House Inspections and Lengthy & Foster’s Rental Service Heart. He brings greater than three a long time of trade expertise to the place and has already led quite a few company initiatives whereas at Lengthy & Foster.
“It’s an honor to guide The Lengthy & Foster Corporations,” Bain mentioned in a press release. “We’re ready and able to construct on our group’s sturdy basis, monetary stability and dedication to making sure the success of our brokers, staff and purchasers, as we transfer ahead collectively. This enterprise is about our group of over 8,500 brokers and staff, and it’s a privilege to work each day with people who find themselves so dedicated to our sturdy model and tradition.”
Bain takes up the mantle of Jeff Detwiler, who resigned his function as president and CEO just a few days in the past and had been with the management group since 2009. Thiel is getting into the function of Larry “Boomer” Foster, nephew of the corporate’s founder, whose resignation additionally grew to become public this week after a roughly 10-year tenure as president.
Lengthy & Foster informed Inman that Detwiler left the corporate to pursue different pursuits, whereas Foster will keep on as an agent with the brokerage.
“Whereas we can’t remark additional on particular personnel issues, we will let you know we’re effectively positioned to maneuver ahead to the long run,” a press release emailed to Inman from Lengthy & Foster’s press group mentioned. “Patrick and Jackie are excited to work alongside our spectacular management group and distinctive actual property brokers and staff, as they drive Lengthy & Foster to its subsequent chapter of success.”
Thiel joined Lengthy & Foster in 1998 and has held quite a few management roles throughout the course of her profession on the brokerage, most just lately as government vp. Thiel has targeted a good portion of her efforts on the brokerage on “constructing a tradition of mentoring and assist in any respect ranges,” a press assertion notes.
“We’ll be listening intently to our group and leveraging their enter to assist outline Lengthy & Foster’s subsequent chapter,” Thiel mentioned. “Our distinctive actual property brokers and staff are what make our firm the market-leading group it’s been for over 50 years, and strengthening our firm collaboration will allow us to proceed offering the most effective service and assist to each our group and space customers.”
HomeServices of America is the mother or father firm of Lengthy & Foster Actual Property.
Electronic mail Lillian Dickerson