Management ChangeAug 7, 2026, 08:26 AM
Newmark CEO Barry Gosin to Step Down End of 2026; Remains Chairman
AI Summary
Newmark Group, Inc. announced that Barry M. Gosin will step down as Chief Executive Officer on December 31, 2026. He will continue as Chairman of the company's operating entity, Newmark & Co. Real Estate, Inc., to support a seamless transition. The Board expects to identify a new CEO by year-end. Mr. Gosin's employment agreement has been amended and restated, extending his term through December 31, 2029, with an annual compensation of $5,000,000 for 2027-2029.
Key Highlights
- Barry Gosin to step down as Newmark CEO on December 31, 2026.
- Mr. Gosin will continue as Chairman of Newmark & Co. Real Estate.
- Newmark's Board expects to identify a new Chief Executive Officer by year-end 2026.
- Gosin's employment agreement extended through December 31, 2029.
- Annual compensation for 2027-2029 will be $5,000,000 (base $1M, bonus $4M).
- Permitted activities for Mr. Gosin modified for real estate investments.
Price Impact
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