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Berkshire Hathaway Homeservices names Diane Glass CEO
Appointment would appear to end power-sharing arrangement among 3 executives
Berkshire Hathaway Homeservices Chicago has named a new leader, and she’s a known quantity on Chicago’s residential real estate scene.
The brokerage promoted Diane Glass to the CEO role, according to Crain’s. Her first day in the top spot was Wednesday.
As CEO, Glass is tasked with leading the 1,500-agent brokerage through the pandemic and slumping sales market. The firm has strong competition from well-capitalized rivals such as @properties, Compass, Coldwell Banker, Baird & Warner and Jameson Sotheby’s International Realty.
The appointment of Glass, who’s been at the company for 13 years, would appear to end a year-long executive triumvirate that saw her appointed as chief operating officer, Mark Pasquesi as president and Joe Stacy as general manager following the ouster of veteran CEO Nancy Nagy. The move was made following a series of high-profile agent defections to rivals, notably top producer Jeff Lowe, who decamped for Compass in 2017.
Berkshire Hathaway Homeservices Chicago placed fourth in dollar volume in Cook County in 2018, notching about $2.5 billion in sales, according to an analysis last year by The Real Deal.
The company recently shortened its name from Berkshire Hathaway HomeServices KoenigRubloff Realty Group, to simply Berkshire Hathaway Homeservices Chicago. [Crain’s] — James Kleimann