Cendant turns over a new leaf.The Cendant real estate services division announced a series of organizational and leadership changes within its real estate franchise group. Effective April 23, Bob Moles Moles Definition A mole (nevus) is a pigmented (colored) spot on the outer layer of the skin (epidermis). Description Moles can be round, oval, flat, or raised. They can occur singly or in clusters on any part of the body. will step down as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Cendant real estate franchise group. Alex Perriello, who has served as president and CEO of Coldwell Banker Real Estate Corporation since 1997, will succeed Moles. In turn, Jim Gillespie will assume the position of president and COO of Coldwell Banker from his role as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . George Slusser will become president and COO of Coldwell Banker Commercial after previously serving as president. In addition, Coldwell Banker Commercial, which had been operated as part of Coldwell Banker Real Estate Corporation, will now become a separate operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon within the franchise group. Moles, who has been with Cendant since 1997, plans to return home to Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern to be closer to his family and pursue entrepreneurial interests on the West Coast. He took the helm when Cendant created its real estate franchise group structure in October 2000. Alex Perriello will succeed Moles in the role of president and CEO of the Cendant real estate franchise group and will oversee more than 12,750 offices and 262,800 sales associates worldwide. In his new role, Perriello will be responsible for the growth and development of the real estate franchise entities that comprise the Cendant family of brands: Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA and Sotheby's International Realty Sotheby’s International Realty, founded in 1976, is a luxury real estate network that offers a collection of luxury homes, estates and properties for sale throughout the world. . Perriello has been with the Coldwell Banker brand since 1983 and has played an integral role in the company's restructuring and development following its 1996 acquisition by Cendant, then HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. , and its relocation to Parsippany. Perriello will now report directly to Smith. Jim Gillespie will now report to Perriello. He will be responsible for 3,600 offices and more than 113,800 brokers and sales associates within Coldwell Banker's worldwide franchise network. Another real estate industry veteran, Gillespie has been with Coldwell Banker since 1976 and with Cendant since 1996. George Slusser will now report directly to Perriello. |
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