Former President & CEO of Armstrong World Industries Joins Realogy Board as Independent Director
MADISON, N.J. 08-01-2016 — Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today announced the appointment of Matthew J. Espe to its Board of Directors. Mr. Espe has more than 30 years of leadership experience in sales, marketing and management of global manufacturing businesses. With his appointment as an independent director, the Realogy Board now consists of 10 directors, eight of whom are classified as independent directors for purposes of the listing standards of the New York Stock Exchange.
Mr. Espe most recently served as the president and chief executive officer of Armstrong World Industries, Inc., a publicly traded global producer of flooring products and ceiling systems, from July 2010 until March 2015 when Armstrong split into two companies. Before joining Armstrong, he was chairman and chief executive officer of Ricoh Americas. Prior to that role, Mr. Espe was chairman of the board of directors and chief executive officer of IKON Office Solutions, Inc. from 2002 to 2008.
Mr. Espe began his career at General Electric Company. He was with GE for more than 20 years, where he served in various leadership roles in Europe, Asia and the United States, last as president and chief executive officer of GE Lighting.
“We are pleased to welcome Matt Espe to the Realogy Board of Directors,” said Richard A. Smith, Realogy’s chairman, chief executive officer and president. “He brings extensive strategic leadership experience and comprehensive knowledge of the homebuilding supplies market. His background will serve our Board well.”
Mr. Espe is currently serves as a member of the Boards of Directors at Veritiv Corporation, an office supplier, and NCI Building Systems, Inc., a prefabricated wood building manufacturer. He was formerly a member of the Boards of Directors of Unisys Corporation, Graphic Packaging Holding Company and Con-way Inc.
Mr. Espe currently serves on the Advisory Board at the College of Business and Economics at the University of Idaho and on the Advisory Council for Drexel University’s Lebow College of Business, Center for Corporate Governance. Additionally, Mr. Espe is a member of the National Association of Corporate Directors (NACD) and the Wall Street Journal CEO Council. He is a graduate of the University of Idaho and received his M.B.A. from Whittier College.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising and brokerage with many of the best-known industry brands including Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby’s International Realty® and ZipRealty®. Collectively, Realogy’s franchise system members operate approximately 13,600 offices with more than 257,200 independent sales associates conducting business in 110 countries and territories around the world. NRT LLC, Realogy’s company-owned real estate brokerage, is the largest residential brokerage company in the United States, operates under several of Realogy’s brands and also provides related residential real estate services. Realogy also owns Cartus, a prominent worldwide provider of relocation services to corporate and affinity clients, Title Resource Group (TRG), a leading provider of title, settlement and underwriting services and ZapLabsSM, its innovation and technology development subsidiary. Realogy is headquartered in Madison, New Jersey.