Publicly traded real estate franchise giant Re/Max Holdings Inc. has filled a vacancy on its board of directors created by the retirement of CEO Margaret Kelly, naming Christine Riordan, the president-elect of a Long Island, New York-based university, to fill the position.

Riordan, who takes over as president of Adelphi University on July 1, joins Re/Max co-founders Dave and Gail Liniger on the company’s 11-member board.

Riordan has ties to Re/Max’s home base of Denver, having served as dean and professor of management at the University of Denver Daniels College of Business from 2008 to 2013.

Most recently, Riordan, who holds a doctorate in organizational behavior and an MBA from Georgia State University, was executive adviser, provost and professor of management at the University of Kentucky.

Riordan’s “extensive experience leading a variety of organizations will add a valuable perspective to our board of directors and benefit the future direction of Re/Max,” Dave Liniger said in a statement. Liniger, who is chairman of the Re/Max board, stepped up as CEO after Kelly retired at the end of 2014.

In a regulatory filing, Re/Max said Riordan will be compensated $60,000 a year for serving on the board, and $12,500 for sitting on its audit committee. She and other board members who are not employed by Re/Max will also be granted $50,000 in restricted stock this year, the company said.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×