Coldwell Banker Real Estate Announces Leadership Succession

"Charlie Young has demonstrated exceptional leadership skills, solid strategic thinking and a passion for innovation during his 12 years with Realogy," said Alex Perriello, president and CEO of the Realogy Franchise Group, the parent company of both Coldwell Banker and ERA. "He is well prepared to return to his roots and lead Coldwell Banker into the future. The leadership succession plan we have executed speaks to the management talent we have assembled within the Realogy Franchise Group."

"It will be a privilege and an honor for me to lead the Coldwell Banker Real Estate franchise system," said Young. "I have a wealth of respect for the brand's 100-plus year heritage and the tradition of innovation that has been the hallmark of Coldwell Banker for many years. I also look forward to reconnecting with the members of its distinguished network as we work together on growing the brand's considerable market presence, both domestically and internationally."

Young succeeds Budge Huskey, who elected to retire from the position after spending the past 18 years with the Coldwell Banker system in both franchising and brokerage executive roles. Huskey led the Coldwell Banker brand for the past six years, first as president and chief operating officer in June 2010 before becoming president and CEO in January 2013. During his tenure, Huskey was recognized for his industry leadership, which included being named among the top 10 most influential real estate leaders in the annual Swanepoel Power 200 ranking for 2016. Huskey plans to return to his home state of Florida where he eventually intends to return to the real estate brokerage business.

"I am incredibly grateful to Realogy for the amazing opportunities afforded to me over these many years, none more rewarding than the privilege of leading the iconic Coldwell Banker franchise network," said Huskey.

"I would like to thank Budge Huskey for his hard work, dedication and service to Coldwell Banker at both the brand and brokerage operations level," added Perriello. "He is a consummate professional, and we wish him well in the future."

About Charlie Young:
Charlie Young was appointed as president and CEO of Coldwell Banker Real Estate LLC, which will take effect September 1, 2016. He is a well-respected leader in the residential real estate and franchising industries, and this marks his return to the Coldwell Banker brand after serving with distinction as president and CEO of ERA Franchise Systems LLC since 2009. Prior to that, Young spent five years in senior executive leadership roles with Coldwell Banker Real Estate. Both franchise brands are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY), and Young is a 12-year veteran of Realogy.

Young has more than 20 years of experience in business management, field operations, marketing and real estate operations. He was promoted to president and CEO of ERA Real Estate in April 2009, a role he held for seven and a half years after joining the ERA executive team in February 2009 as chief operating officer. During his tenure, Young was primarily responsible for repositioning the ERA brand with a number of key initiatives, including a major rebranding effort and most recently becoming the first real estate franchise system to connect its entire network on the innovative Zap® technology platform, which was developed by another Realogy subsidiary, ZapLabs. Young also has served in leadership roles on a number of Realogy Franchise Group projects through the years.

Between 2004 and 2009, Young served at Coldwell Banker Real Estate LLC, as senior vice president of marketing and later as chief operating officer. During his initial term with Coldwell Banker, Young spearheaded several innovative programs that served as industry firsts while establishing him as a recognized leader in the industry.

About Coldwell Banker Real Estate LLC
Since 1906, the Coldwell Banker^® organization has been a premier provider of full-service residential and commercial real estate brokerage services. Coldwell Banker Real Estate is the oldest national real estate brand and franchisor in the United States, and today has a global network of approximately 3,000 independently owned and operated franchised broker offices in 47 countries and territories with almost 85,000 affiliated sales professionals. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by taking a leadership role in the smart home space, being the first national real estate brand with an iPad app, the first to augment its website www.coldwellbanker.com for smart phones, the first to create an iPhone application with international listings, the first to develop an iPad application (CBx) to easily bring big data into home listing presentations, and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On Location^SM YouTube channel. Coldwell Banker is a leader in niche markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International^® marketing program delivering exceptional experiences for all consumers served.

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SOURCE Coldwell Banker Real Estate LLC

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