Newmark Promotes Luis Alvarado to Chief Operating Officer
Newmark Group (NASDAQ: NMRK) has announced the promotion of Lou Alvarado to the newly created position of Chief Operating Officer, effective immediately. Alvarado, who joined Newmark in 2015, will oversee global operations and report to CEO Barry Gosin while working with the Executive Committee to enhance efficiency, productivity, and business expansion.
Previously serving as Chief Revenue Officer and East Region Market Leader since 2018, Alvarado managed revenue-generating operations and drove growth throughout the East Coast. His experience includes roles as President of the East Region for Cushman & Wakefield, Vice President at The Travelers Insurance Company, and founding partner of Insight Partners, where he managed over 2 million square feet of various property types.
Newmark Group (NASDAQ: NMRK) ha annunciato la promozione di Lou Alvarado alla nuova posizione di Chief Operating Officer, con effetto immediato. Alvarado, che è entrato a far parte di Newmark nel 2015, supervisionerà le operazioni globali e riferirà al CEO Barry Gosin, collaborando con il Comitato Esecutivo per migliorare l'efficienza, la produttività e l'espansione commerciale.
In precedenza, ha ricoperto il ruolo di Chief Revenue Officer e Leader di Mercato per la Regione Est dal 2018, gestendo le operazioni di generazione di entrate e promuovendo la crescita lungo la Costa Est. La sua esperienza include ruoli come Presidente della Regione Est per Cushman & Wakefield, Vice Presidente presso The Travelers Insurance Company e socio fondatore di Insight Partners, dove ha gestito oltre 2 milioni di piedi quadrati di vari tipi di proprietà.
Newmark Group (NASDAQ: NMRK) ha anunciado la promoción de Lou Alvarado al nuevo puesto de Director de Operaciones, con efecto inmediato. Alvarado, quien se unió a Newmark en 2015, supervisará las operaciones globales y reportará al CEO Barry Gosin, trabajando con el Comité Ejecutivo para mejorar la eficiencia, la productividad y la expansión del negocio.
Anteriormente, se desempeñó como Director de Ingresos y Líder del Mercado de la Región Este desde 2018, gestionando las operaciones generadoras de ingresos y fomentando el crecimiento a lo largo de la Costa Este. Su experiencia incluye roles como Presidente de la Región Este para Cushman & Wakefield, Vicepresidente en The Travelers Insurance Company y socio fundador de Insight Partners, donde gestionó más de 2 millones de pies cuadrados de diversos tipos de propiedades.
Newmark Group (NASDAQ: NMRK)는 Lou Alvarado를 새롭게 창설된 최고 운영 책임자 직위로 즉시 승진시키기로 발표했습니다. 2015년에 Newmark에 합류한 Alvarado는 글로벌 운영을 감독하고 CEO Barry Gosin에게 보고하며, 효율성, 생산성 및 비즈니스 확장을 향상시키기 위해 집행 위원회와 협력할 것입니다.
2018년부터 최고 수익 책임자 및 동부 지역 시장 리더로 재직하면서 Alvarado는 수익 창출 운영을 관리하고 동부 해안 전역에서 성장을 이끌었습니다. 그의 경험에는 Cushman & Wakefield의 동부 지역 사장, The Travelers Insurance Company의 부사장, Insight Partners의 공동 창립자 역할이 포함되며, 여기서 그는 다양한 유형의 부동산 200만 평방피트를 관리했습니다.
Newmark Group (NASDAQ: NMRK) a annoncé la promotion de Lou Alvarado au nouveau poste de Directeur des opérations, avec effet immédiat. Alvarado, qui a rejoint Newmark en 2015, supervisera les opérations mondiales et rendra compte au PDG Barry Gosin, tout en travaillant avec le Comité Exécutif pour améliorer l'efficacité, la productivité et l'expansion commerciale.
Auparavant, il a occupé le poste de Directeur des revenus et de Leader du marché de la région Est depuis 2018, gérant les opérations génératrices de revenus et stimulant la croissance le long de la Côte Est. Son expérience inclut des rôles en tant que Président de la région Est pour Cushman & Wakefield, Vice-Président chez The Travelers Insurance Company et partenaire fondateur d'Insight Partners, où il a géré plus de 2 millions de pieds carrés de divers types de propriétés.
Newmark Group (NASDAQ: NMRK) hat die Beförderung von Lou Alvarado zur neu geschaffenen Position des Chief Operating Officer bekannt gegeben, die mit sofortiger Wirkung in Kraft tritt. Alvarado, der 2015 zu Newmark kam, wird die globalen Operationen überwachen und an CEO Barry Gosin berichten, während er mit dem Exekutivkomitee zusammenarbeitet, um Effizienz, Produktivität und Geschäftsausweitung zu verbessern.
Vorher war er seit 2018 als Chief Revenue Officer und Marktleiter der Ostregion tätig, wo er die umsatzgenerierenden Operationen leitete und das Wachstum an der Ostküste vorantrieb. Zu seinen Erfahrungen gehören Positionen als Präsident der Ostregion bei Cushman & Wakefield, Vizepräsident bei The Travelers Insurance Company und Mitbegründer von Insight Partners, wo er über 2 Millionen Quadratfuß verschiedener Immobilientypen verwaltete.
- Strategic appointment of experienced executive with proven track record in revenue generation and operational management
- Internal promotion demonstrates strong succession planning and talent retention
- None.
Role Includes Operational Oversight of Fastest-Growing Publicly Traded CRE Company1
"Newmark has experienced significant growth over the past decade, expanding our market presence and strengthening our operations," said Gosin. "Lou has been an integral component of that success, including with respect to acquisitions and recruiting. He thoroughly understands Newmark and our industry, and in this expanded role, he will play an even larger part in our mission to increase market share."
Alvarado first joined Newmark in 2015 as Executive Vice President and Boston Market Leader. He rapidly ascended to Chief Revenue Officer and East Region Market Leader in 2018, where he oversaw revenue-generating operations including nearly all business lines and also drove company growth throughout the East Coast. Prior to joining Newmark, Alvarado was President of the East Region for Cushman & Wakefield, a Vice President at The Travelers Insurance Company and a founding partner of Insight Partners, Inc., which developed and managed more than 2 million square feet of commercial, retail, residential and industrial properties.
"Lou brings a rare combination of steadiness and vision to every initiative," said Michael Rispoli, Chief Financial Officer. "His even-keeled approach, coupled with his deep operational expertise and financial acumen, makes him uniquely equipped to lead in this new capacity and drive lasting impact across the organization."
"I'm honored to step into this role and expand my support of the exceptional people and teams that make Newmark great," said Alvarado. "My focus will remain on our growth, strengthening our platform and operations and continuing to deliver unbeatable outcomes for our clients."
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
1Between 2011 (the year the Company was acquired by BGC Partners, Inc.) and 2024, Newmark grew total revenues faster than any of its publicly traded peers in the
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SOURCE Newmark Group, Inc.
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