Denver-based Re/Max Holdings Inc. has named a co-CEO who will share responsibilities with company co-founder Dave Liniger. The residential real estate franchising giant named Adam Contos, who had served as Re/Max’s (NYSE: RMAX) COO, as co-CEO, effective immediately.
“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.”
Contos joined Re/Max in 2004. Re/Max has employed the co-CEO structure in several of its CEO transitions, according to a statement Tuesday from the company.
Appointing Contos as co-CEO “allows Liniger to focus on furthering the company’s leadership position in the industry while driving special strategic initiatives,” the company said. Last fall, Re/Max launched a mortgage-origination franchise called Motto Mortgage.
Liniger has served as CEO of the company since the 2014 retirement of Margaret Kelly, who was appointed to the position in 2005. Dave and Gail Liniger, a husband-and-wife team, founded Re/Max in 1973. “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,” Contos said.
Serene Smith, currently the senior vice president of financial planning and business analytics for Re/Max, will succeed Contos as COO.