Barry Gosin Expands Leadership Role at Newmark Group as Chairman

Newmark Group Enhances Leadership Structure with Barry Gosin

In a major development for Newmark Group, Inc. (Nasdaq: NMRK), a prominent player in the commercial real estate sector, Barry M. Gosin has been appointed to serve as the Chairman of Newmark's operating company, Newmark Company Real Estate, Inc. This transition comes after the former Executive Chairman, Howard Lutnick, took on a new role as the United States' 41st Secretary of Commerce, leading to his departure from the Board of Directors of the company.

Gosin has had an impressive tenure as CEO since 1979, during which he has played a pivotal role in guiding Newmark through significant strategic expansions. As stated by Lutnick, "Barry is an exceptional leader who is deeply respected and admired by employees and clients alike. We have built one of the greatest commercial real estate companies in the United States together.” The commitment to growth is evident as Newmark has transformed from a privately-owned entity into a publicly traded behemoth with a market capitalization of approximately $3.7 billion. Under Gosin's guidance, the company has experienced tremendous growth, seeing annual revenues increase by over 1,000 percent since its sale to BGC Partners in 2011. Furthermore, the company's commercial and multifamily origination market share has expanded nearly sixfold over the past decade.

Gosin expressed enthusiasm about his new responsibilities, stating, "I am honored to take on this expanded role and look forward to continuing to drive transformative growth and innovation across all areas of our business, ensuring we remain at the forefront of our industry." His plans aim to deliver unparalleled value to clients and stakeholders alike by leveraging Newmark’s highly skilled senior leadership team.

His leadership credentials are reinforced by his involvement in significant boards and committees, including the Executive Committee of the Board of Directors for the Partnership of New York City and the Real Estate Board of New York. Additionally, Gosin is a Trustee of Pace University and has been recognized with the Leaders in Management award. His philanthropic efforts are illustrated through his service on the Board of Directors for Fountain House, a non-profit organization dedicated to supporting individuals facing mental health challenges.

Beyond this key leadership change, Newmark also announced a series of other executive and board changes aimed at optimizing its operational success. As of December 31, 2024, the firm has reported nearly $2.8 billion in revenues and operates approximately 170 offices globally with over 8,000 professionals serving clients across various markets.

For further developments and insights into Newmark's strategic direction and ongoing projects, keep an eye on Newmark's investor relations page.

This reshaped leadership structure points towards Newmark's commitment to aggressive expansion and innovation in the competitive commercial real estate landscape. As the firm continues on its path of growth and transformation, the real estate industry will remain closely focused on how this leadership change will shape Newmark's future endeavors.