MOTTO MORTGAGE AND WEMLO CEO WARD MORRISON RETIRING AFTER DISTINGUISHED 20-YEAR CAREER WITH RE/MAX HOLDINGS BRANDS
RE/MAX Holdings (NYSE: RMAX) announced that Ward Morrison, CEO of Motto Mortgage and wemlo, will retire effective June 15, 2025. Morrison will continue in a consultative role through the end of 2025.
Morrison played a important role in launching Motto Franchising, and the Motto Mortgage brand in 2016, developing the innovative Mortgage Brokerage In-A-Box℠ model. During the transition, Adam Sartin, Vice President of Franchise Growth & Development, will lead both brands while the company searches for a new leader.
Prior to his current role, Morrison served at RE/MAX, for over a decade, most recently as Vice President of Region Operations. His retirement decision coincides with his upcoming marriage in June, as he plans to focus on personal life.
RE/MAX Holdings (NYSE: RMAX) ha annunciato che Ward Morrison, CEO di Motto Mortgage e wemlo, si ritirerà a partire dal 15 giugno 2025. Morrison continuerà a ricoprire un ruolo consultivo fino alla fine del 2025.
Morrison ha avuto un ruolo importante nel lancio di Motto Franchising e del marchio Motto Mortgage nel 2016, sviluppando il modello innovativo Mortgage Brokerage In-A-Box℠. Durante la transizione, Adam Sartin, Vice Presidente della Crescita e Sviluppo del Franchising, guiderà entrambi i marchi mentre l'azienda cerca un nuovo leader.
Prima del suo attuale ruolo, Morrison ha lavorato in RE/MAX per oltre un decennio, più recentemente come Vice Presidente delle Operazioni Regionali. La sua decisione di andare in pensione coincide con il suo imminente matrimonio a giugno, poiché intende concentrarsi sulla vita personale.
RE/MAX Holdings (NYSE: RMAX) anunció que Ward Morrison, CEO de Motto Mortgage y wemlo, se retirará a partir del 15 de junio de 2025. Morrison continuará en un papel consultivo hasta finales de 2025.
Morrison desempeñó un papel importante en el lanzamiento de Motto Franchising y la marca Motto Mortgage en 2016, desarrollando el innovador modelo Mortgage Brokerage In-A-Box℠. Durante la transición, Adam Sartin, Vicepresidente de Crecimiento y Desarrollo de Franquicias, liderará ambas marcas mientras la empresa busca un nuevo líder.
Antes de su rol actual, Morrison trabajó en RE/MAX durante más de una década, siendo su último cargo Vicepresidente de Operaciones Regionales. Su decisión de retirarse coincide con su próximo matrimonio en junio, ya que planea centrarse en su vida personal.
RE/MAX Holdings (NYSE: RMAX)는 Ward Morrison이 Motto Mortgage 및 wemlo의 CEO로서 2025년 6월 15일부로 은퇴한다고 발표했습니다. Morrison은 2025년 말까지 자문 역할을 계속할 것입니다.
Morrison은 Motto Franchising 및 2016년 Motto Mortgage 브랜드 출시에 중요한 역할을 하였으며, 혁신적인 Mortgage Brokerage In-A-Box℠ 모델을 개발하였습니다. 전환 기간 동안 Adam Sartin, 프랜차이즈 성장 및 개발 부사장이 두 브랜드를 이끌며 새로운 리더를 찾는 동안 회사의 리더십을 맡게 됩니다.
현재 역할 이전에 Morrison은 RE/MAX에서 10년 이상 근무하였으며, 최근에는 지역 운영 부사장으로 재직하였습니다. 그의 은퇴 결정은 6월에 예정된 결혼과 맞물려 있으며, 개인 생활에 집중할 계획입니다.
RE/MAX Holdings (NYSE: RMAX) a annoncé que Ward Morrison, PDG de Motto Mortgage et wemlo, prendra sa retraite à compter du 15 juin 2025. Morrison continuera à jouer un rôle consultatif jusqu'à la fin de 2025.
Morrison a joué un rôle important dans le lancement de Motto Franchising et de la marque Motto Mortgage en 2016, développant le modèle innovant Mortgage Brokerage In-A-Box℠. Pendant la transition, Adam Sartin, Vice-président de la Croissance et du Développement des Franchises, dirigera les deux marques pendant que l'entreprise recherche un nouveau leader.
Avant son rôle actuel, Morrison a travaillé chez RE/MAX pendant plus d'une décennie, récemment en tant que Vice-président des Opérations Régionales. Sa décision de prendre sa retraite coïncide avec son prochain mariage en juin, car il prévoit de se concentrer sur sa vie personnelle.
RE/MAX Holdings (NYSE: RMAX) gab bekannt, dass Ward Morrison, CEO von Motto Mortgage und wemlo, zum 15. Juni 2025 in den Ruhestand gehen wird. Morrison wird bis Ende 2025 in einer beratenden Funktion weiterarbeiten.
Morrison spielte eine wichtige Rolle bei der Einführung von Motto Franchising und der Marke Motto Mortgage im Jahr 2016, indem er das innovative Modell Mortgage Brokerage In-A-Box℠ entwickelte. Während der Übergangszeit wird Adam Sartin, Vizepräsident für Franchise-Wachstum und -Entwicklung, beide Marken leiten, während das Unternehmen nach einem neuen Leiter sucht.
Vor seiner aktuellen Rolle war Morrison über ein Jahrzehnt bei RE/MAX tätig, zuletzt als Vizepräsident für regionale Operationen. Seine Entscheidung, in den Ruhestand zu gehen, fällt mit seiner bevorstehenden Hochzeit im Juni zusammen, da er plant, sich auf sein Privatleben zu konzentrieren.
- Planned orderly transition with Morrison staying as consultant through 2025
- Interim leadership already appointed to ensure business continuity
- Loss of key executive who was instrumental in brand development since 2016
- Uncertainty during leadership transition period
"This decision is deeply personal, and it comes with a range of emotions," said
"This was an incredibly difficult decision, but I know what I want for this next chapter of my life,"
"
Prior to becoming President and CEO of Motto Mortgage and wemlo,
"Motto, wemlo and RE/MAX have been a big part of who I am for decades, and making the decision to retire didn't come easy,"
About RE/MAX Holdings, Inc.
RE/MAX Holdings, Inc. (NYSE: RMAX) is one of the world's leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand, and mortgage brokerages within the
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "would" and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to the leadership transition at Motto Mortgage and wemlo and the future success of the Motto and wemlo brands. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, (3) the Company's ability to attract and retain quality franchisees, (4) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company's ability to enhance, market, and protect its brands, (7) the Company's ability to implement its technology initiatives, (8) risks related to the Company's leadership transition, (9) fluctuations in foreign currency exchange rates, (10) the nature and amount of the exclusion of charges in future periods when determining Adjusted EBITDA is subject to uncertainty and may not be similar to such charges in prior periods, and (11) those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at www.remaxholdings.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
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SOURCE RE/MAX Holdings, Inc.
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