#USA #New York #Newmark Group #Barry Gosin #Newmark Co.

Barry Gosin Announces Departure as CEO of Newmark Group

In a significant leadership transition announced recently, Barry Gosin, who has served as Chief Executive Officer of Newmark Group, Inc. (Nasdaq: NMRK) since 1979, will step down from his role effective December 31, 2026. This decision marks a notable shift for both Gosin and the company as he prepares to focus on strategic initiatives in his continued role as Chairman of Newmark Co. Real Estate, the operating arm of Newmark Group.

Gosin's tenure at Newmark has been marked by remarkable growth and achievement. Under his guidance, Newmark has positioned itself as a preeminent commercial real estate advisor, catering to institutional investors and global corporations. Over the decades, he has played an instrumental role in steering the company through its most critical milestones, including the initial public offering in 2017 and establishing it as one of the fastest-growing public commercial real estate firms worldwide. In fact, since 2011, the firm has witnessed a staggering revenue increase of over 1,400%, contributing to its expansion with more than 10,000 professionals operating from approximately 195 locations around the globe.

Stephen Merkel, Chairman of Newmark's Board, expressed enthusiasm regarding Gosin's continued involvement, stating, "We are delighted that Barry will remain with the company as Chairman of the operating company to help the next generation of leadership as they guide Newmark through its next chapter of growth." This sentiment underscores the confidence the Board has in Gosin's expertise and the stable transition he aims to foster.

Reflecting on his nearly five-decade-long career at Newmark, Gosin stated, "I have spent nearly my entire career at Newmark, working alongside an exceptional team whose dedication, talent, and commitment have made the Company’s success possible. The Company is stronger than ever, our strategy is working, and the opportunities ahead are substantial." He expressed his belief that stepping back from day-to-day operations is a prudent decision at this juncture, allowing him to concentrate on high-impact matters while facilitating a smooth transition to new leadership.

As part of the transition, Gosin has entered into an amended employment agreement, ensuring his role as Chairman of Newmark Co. until 2029. This strategic decision indicates both a commitment to guiding the company during its leadership transition and a focus on maintaining Newmark's momentum.

Looking ahead, Newmark's Board of Directors is actively engaged in the search for a new CEO, aiming to finalize the selection by the end of 2026. This orderly transition is expected to support Newmark’s continued success and adaptability in a competitive market.

Newmark Group, Inc. defines itself as a leader in providing commercial real estate services globally, emphasizing excellence in client outcomes. The company reported revenues exceeding $3.6 billion in the year ending June 30, 2026. Its comprehensive platform has positioned Newmark as an industry leader, with a focus on delivering innovative solutions to its clientele.

In summary, Barry Gosin's impending departure as CEO of Newmark Group signals a critical juncture for the company. With a robust leadership team in place and a clear strategic vision, Newmark is poised for future success. As Gosin gears up for his new role as Chairman, the real estate sector watches closely, anticipating the impacts of this leadership shift on Newmark's ongoing journey.