Ryan Gorman out as Coldwell Banker CEO

In one of the residential world’s biggest leadership shake-ups, Ryan Gorman, the CEO of brokerage behemoth Coldwell Banker, is leaving the company, The Real Deal has learned.

Coldwell Banker staff were told of Gorman’s departure at a town hall meeting Tuesday afternoon, according to sources present. The company is a subsidiary of Anywhere Real Estate, which like other residential brokerages, has struggled in the past few months in a high interest-rate environment which has seen transactions plummet. Anywhere’s stock is down 57 percent this year, and its market cap is now $805 million.

Gorman’s two top deputies were Liz Gehringer, who runs Coldwell Banker’s affiliate business, and David Marine, chief marketing officer.