Realogy Holdings Corp. subsidiary Sotheby’s International Realty Affiliates LLC announced today that current President and Chief Operating Officer Philip A. White Jr. will be the company’s next CEO, effective Feb. 1, 2013.
White will replace Michael R. Good, who has served as CEO of the international real estate franchisor since February 2004 when Realogy entered into a 100-year licensing agreement with Sotheby’s Auction House to create the Sotheby’s International Realty brand.
Philip A. White Jr.
A 32-year real estate industry veteran, White has also been with Sotheby’s International Realty since its inception. He’s served as chief operating officer since 2004, and in April 2010 became president of the brand as well.
"Philip has a vast level of experience in the real estate industry and with the Sotheby’s International Realty brand, having served it in both management capacities and as a broker and owner," said Richard A. Smith, chairman and CEO of Realogy Corp., in a statement.
"I look forward to expanding our servicing platform internationally and continuing to grow this brand in the world’s finest markets," White said.
In August, Sotheby’s International Realty expanded to Australia, and in March opened its second office in Vietnam. In May, it signed its first Brookly, N.Y., affiliate.
"During Mike’s tenure, more than 200 quality real estate firms with more than 620 offices have joined this outstanding brand," said Alex Perriello, president and CEO of the Realogy Franchise Group, the franchise wing of the real estate giant. "Thanks to his leadership, this brand is the global force in luxury real estate that it is today."
Sotheby’s International Realty claims more than 12,600 sales associates and approximately 650 offices in 45 countries.