Douglas Elliman announced today that Dottie Herman has stepped down as CEO and has been replaced by President and COO Scott Durkin.
Herman will assume the role of vice chairman of the largest housing brokerage in New York.
“Douglas Elliman has proven to be my most valuable professional experience to date,” Durkin said. “I look forward to expanding the legacy of our brand, created by my friend and mentor Dottie Herman as a leader in the luxury real estate market. I also welcome the opportunity to further advance our technology-driven initiatives that enable our agents to work faster and more efficiently on behalf of their clients. ”
Elected as executive chairman of Elliman by Howard M. Lorber and Herman, Durkin joined Douglas Elliman in 2015 as executive vice president of acquisitions and development. In October 2016, he was named Chief Operating Officer and in 2017 he was named President.
With the new title, Durkin will continue to lead brokerage, operations, technology initiatives, and strategic growth efforts in the United States. For the 12 months ended June 30, 2021, Douglas Elliman had sales of nearly $ 43 billion.
“As President and COO of Douglas Elliman, Scott has taken our firm to the next level with major initiatives to strengthen our brand, our culture, our technology, and most importantly, the way our agents conduct their business,” Lorber said. “Scott is a talented leader with a focus on solutions and results, as evidenced by his truly incredible performance in leading brokerage operations during the extremely challenging COVID-19 pandemic. He has established himself as a highly regarded and respected leader and I am delighted to make this announcement. “
“It’s a pleasure to hand over the CEO title to my friend Scott Durkin, whom I have overseen since the acquisition of Elliman in 2003, when I joined the New York brokerage community,” Herman said. “I am impressed with his experience, tenacity and his attractiveness to both agents and managers and employees. Elliman is in beautiful and very skillful hands. “
Herman, a Forbes list of America’s Self-Made Women, has been recognized as a business leader by several organizations. She was honored with the Business Pioneer Award on 2017 United Nations Women’s Entrepreneurship Day. She received the REBNY Kenneth R. Gerrety Humanitarian Award and the BRAVA SmartCEO Award for Outstanding Women Leaders.
In his role as Vice Chairman, Herman will advise Lorber and Durkin, and will continue to mentor Douglas Elliman’s leaders and agents throughout the country.
“Dottie and I never imagined that the venture we started in 2003 would grow into one of the largest and most important residential brokerage firms in the United States. Her vision and dedication to Douglas Elliman has been invaluable and I am grateful for her services, ”Lorber said.
Herman added: “I am very proud of the company that Howard and I have created and very excited about its future.”
Starting his career as a sales agent with the Corcoran Group in 1991, Durkin became a protégé of Barbara Corcoran and worked directly with her for many years. He has participated in many important events, including the sale of NRT and the acquisition of brokerage firms in Hampton, Palm Beach and New York.
An avid rider with a passion for dressage, Durkin and his husband live between Manhattan, upstate New York, and Wellington, Florida.
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