Scott Durkin, president and chief executive of Douglas Elliman Realty, has left the company, following the sudden retirement of Howard Lorber, the chief executive of the parent company.
The president of Douglas Elliman has been terminated, less than a week after the sudden retirement of Howard Lorber, the parent company’s chief executive officer.
Scott Durkin’s exit was disclosed in a filing with the Securities and Exchange Commission on Monday morning.
In a statement to The New York Times, Michael Liebowitz, who stepped into the chief executive role last week, said Richard Ferrari, who currently oversees the real estate company’s divisions in New York City and the Northeast, will step into Mr. Durkin’s role.
Douglas Elliman Inc. is one of the nation’s largest real estate companies. Mr. Durkin served as president and chief executive officer of its brokerage arm, Douglas Elliman Realty, reporting up to Mr. Lorber until last week.
Mr. Durkin spent nine years at Douglas Elliman, joining the company as an executive vice president in 2015 after more than two decades at the Corcoran Group, a rival real estate company. He rose to Elliman’s chief operating officer in less than a year, and he took over the role of president in 2017.
Mr. Durkin was not immediately available for comment. Representatives of Douglas Elliman also were not immediately available for comment.
