Ryan Gorman out as Coldwell Banker CEO

Exec oversaw 100K agents across nearly 3K offices

Coldwell Banker CEO Ryan Gorman
Coldwell Banker CEO Ryan Gorman is leaving the firm

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.

Sign Up for the undefined Newsletter

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.