Coldwell Banker Real Estate LLC has announced the appointment of Charlie Young as the brand’s president and CEO, which will take effect September 1, 2016. This marks his return to Coldwell Banker after serving as president and CEO of ERA Franchise Systems LLC since 2009. Prior to that, Young spent five years in senior executive leadership roles with Coldwell Banker Real Estate, most recently as its chief operating officer.
“Charlie Young has demonstrated exceptional leadership skills, solid strategic thinking and a passion for innovation during his 12 years with Realogy,” said Alex Perriello, president and CEO of the Realogy Franchise Group, the parent company of both Coldwell Banker and ERA. “He is well prepared to return to his roots and lead Coldwell Banker into the future. The leadership succession plan we have executed speaks to the management talent we have assembled within the Realogy Franchise Group.”
“It will be a privilege and an honor for me to lead the Coldwell Banker Real Estate franchise system,” said Young. “I have a wealth of respect for the brand’s 100-plus year heritage and the tradition of innovation that has been the hallmark of Coldwell Banker for many years. I also look forward to reconnecting with the members of its distinguished network as we work together on growing the brand’s considerable market presence, both domestically and internationally.”
Young succeeds Budge Huskey, who elected to retire from the position after spending the past 18 years with the Coldwell Banker system in both franchising and brokerage executive roles. Huskey led the Coldwell Banker brand for the past six years, first as president and chief operating officer in June 2010 before becoming president and CEO in January 2013. Huskey plans to return to his home state of Florida where he eventually intends to return to the real estate brokerage business.
“I am incredibly grateful to Realogy for the amazing opportunities afforded to me over these many years, none more rewarding than the privilege of leading the iconic Coldwell Banker franchise network,” said Huskey.
“I would like to thank Budge Huskey for his hard work, dedication and service to Coldwell Banker at both the brand and brokerage operations level,” added Perriello. “He is a consummate professional, and we wish him well in the future.”
Replacing Young as president and CEO of ERA will be Susan Yannaccone, also effective September 1, 2016, ERA Real Estate announced. Yannaccone, who currently serves as ERA’s chief operating officer, brings two decades of experience in real estate franchising and sales and is widely respected in the industry.
“Sue Yannaccone is a dynamic real estate leader who has distinguished herself since joining ERA Real Estate,” said Perriello. “Her strategic thinking capabilities, strong business acumen and outstanding relationship skills will be tremendous assets in this role. The time has come for Sue to take the next step forward in her career, and I couldn’t be more pleased and supportive. The leadership succession plan we have executed also speaks to the management talent we have assembled within the Realogy Franchise Group.”
“I am honored to be appointed to lead the ERA Real Estate brand network, and I look forward to continuing to build upon ERA’s unique ‘family’ culture and the value proposition we provide to our affiliated brokers and agents as well as homebuyers and sellers around the world,” said Yannaccone. “Our strategic direction is clear. We are charting a course for growth with innovation as the cornerstone of our plan.”
Both the Coldwell Banker and ERA Franchise Systems franchise brands are subsidiaries of Realogy Holdings Corp. and Young is a 12-year veteran of Realogy.
Young has more than 20 years of experience in business management, field operations, marketing and real estate operations. He was promoted to president and CEO of ERA Real Estate in April 2009, a role he held for seven and a half years after joining the ERA executive team in February 2009 as chief operating officer. During his tenure, Young was primarily responsible for repositioning the ERA brand with a number of key initiatives, including a major rebranding effort and most recently becoming the first real estate franchise system to connect its entire network on the innovative Zap® technology platform, which was developed by another Realogy subsidiary, ZapLabs. Young also has served in leadership roles on a number of Realogy Franchise Group projects through the years.
Between 2004 and 2009, Young served at Coldwell Banker Real Estate LLC, as senior vice president of marketing and later as chief operating officer. During his initial term with Coldwell Banker, Young spearheaded several innovative programs that served as industry firsts, while establishing him as a recognized leader in the industry.
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