Weekly Real Estate News
Douglas Elliman Inc. (NYSE:DOUG) continued to shake up its executive leadership with the firing of President and CEO Scott Durkin.
The company announced Durkin’s departure in a filing with the Securities and Exchange Commission, which tersely announced his employment was terminated as of Oct. 25. No reason was given for Durkin’s firing, nor was a replacement announced.
The Miami-headquartered Douglas Elliman announced Chairman Howard M. Lorber’s abrupt retirement last week. Lorber, whose contract was scheduled to expire at the end of the year, stepped down amid growing criticism regarding Douglas Elliman’s financial difficulties and its handling of sexual assault allegations against several high-profile agents.
Durkin joined Douglas Elliman as chief operating officer in 2016 and was elevated to CEO in 2021.
