New CEO Ryan Schneider starts off with a C-suite shakeup, but can he jump-start the residential behemoth’s stalled revenue growth?
Ryan Schneider (Photo by Jhila Farzaneh)
In 1996, when Richard Smith took the helm of Realogy, the housing bubble was in its infancy; there was no such thing as Zillow; and the concept of a startup brokerage with unicorn status was both inconceivable and 17 years off.
Having weathered all of the above — and then some — the veteran chief executive passed the baton on Jan. 1 to Ryan Schneider, a banking executive who’s vowed to accelerate the company’s turnaround.
For Realogy — a $5.8 billion goliath in the residential brokerage space — the handoff comes at a critical time, as industry stalwarts face unprecedented competition from new players. That’s impacted many of the company’s brands, including the Corcoran Group (which closed the highest dollar volume of Manhattan sell-side deals in 2017), Coldwell Banker, Sotheby’s Internatio上海千花网论坛