The announcement follows the resignations of former Lengthy & Foster Firms President and CEO Jeff Detwiler and former Lengthy & Foster Actual Property President Boomer Foster, which have been made public originally of this week.
In these occasions, double down — in your abilities, in your information, on you. Be part of us Aug. 8-10 at Inman Join Las Vegas to lean into the shift and be taught from the very best. Get your ticket now for the best price.
Lengthy & Foster Firms has appointed Patrick Bain as CEO and president and Jackie Thiel as president of Lengthy & Foster Actual Property, the corporate introduced on Tuesday.
“Patrick and Jackie stand out as decisive and confirmed leaders who’ve earned the respect of Lengthy & Foster’s brokers, prospects and staff,” Gino Blefari, CEO of HomeServices of America, mentioned in a press release. “I’m assured that with Patrick and Jackie’s contemporary perspective and intensive expertise mixed with their excellent management abilities, Lengthy & Foster is nicely positioned for continued progress and success.”
Bain joined Lengthy & Foster in 2010 following a virtually eight-year stint as vp and common supervisor of Howard Hanna’s insurance coverage division. Most just lately, he was president of Lengthy & Foster Insurance coverage, HomeServices Property Administration, Perception Residence Inspections and Lengthy & Foster’s Rental Service Middle. He brings greater than three many years of trade expertise to the place and has already led numerous company initiatives whereas at Lengthy & Foster.
“It’s an honor to steer The Lengthy & Foster Firms,” Bain mentioned in a press release. “We’re ready and able to construct on our group’s sturdy basis, monetary stability and dedication to making sure the success of our brokers, staff and purchasers, as we transfer ahead collectively. This enterprise is about our group of over 8,500 brokers and staff, and it’s a privilege to work day-after-day with people who find themselves so dedicated to our sturdy model and tradition.”
Bain takes up the mantle of Jeff Detwiler, who resigned his function as president and CEO a number of days in the past and had been with the management group since 2009. Thiel is entering into the function of Larry “Boomer” Foster, nephew of the corporate’s founder, whose resignation additionally turned public this week after a roughly 10-year tenure as president.
Lengthy & Foster advised Inman that Detwiler left the corporate to pursue different pursuits, whereas Foster will keep on as an agent with the brokerage.
“Whereas we can not remark additional on particular personnel issues, we will let you know we’re nicely positioned to maneuver ahead to the longer term,” a press release emailed to Inman from Lengthy & Foster’s press group mentioned. “Patrick and Jackie are excited to work alongside our spectacular management group and distinctive actual property brokers and staff, as they drive Lengthy & Foster to its subsequent chapter of success.”
Thiel joined Lengthy & Foster in 1998 and has held numerous management roles throughout the course of her profession on the brokerage, most just lately as government vp. Thiel has centered a good portion of her efforts on the brokerage on “constructing a tradition of mentoring and help in any respect ranges,” a press assertion notes.
“We’ll be listening intently to our group and leveraging their enter to assist outline Lengthy & Foster’s subsequent chapter,” Thiel mentioned. “Our distinctive actual property brokers and staff are what make our firm the market-leading group it’s been for over 50 years, and strengthening our firm collaboration will allow us to proceed offering the very best service and help to each our group and space customers.”
HomeServices of America is the guardian firm of Lengthy & Foster Actual Property.
E mail Lillian Dickerson