CATHLEEN RAFFAELI ELECTED TO RE/MAX HOLDINGS, INC. BOARD OF DIRECTORS

Core Insights - RE/MAX Holdings, Inc. has appointed Cathi Raffaeli to its Board of Directors, effective August 19, 2024, succeeding retiring member Kathleen Cunningham [1][4] - Raffaeli brings over 25 years of board leadership experience in financial services, technology, and education, and will serve on the Compensation and Audit Committees [1][2] - The company emphasizes Raffaeli's impressive track record in driving growth and her strategic insight, which aligns with RE/MAX's goals [2] Company Overview - RE/MAX Holdings, Inc. is a leading global franchisor in the real estate industry, operating under the RE/MAX® brand for real estate brokerages and Motto® Mortgage for mortgage brokerages in the U.S. [5] - Founded in 1973, RE/MAX has grown to over 140,000 agents in nearly 9,000 offices across more than 110 countries, making it the largest real estate sales organization by total residential transaction sides [5] - Motto Mortgage, launched in 2016, is the first and only national mortgage brokerage franchise brand in the U.S., with over 225 offices in more than 40 states [5] Leadership Transition - Cathi Raffaeli succeeds Kathy Cunningham, who retired after nearly 11 years on the Board, during which she chaired the Audit Committee [4][5] - The company expressed gratitude for Cunningham's dedication and service, highlighting her role in guiding the company through various challenges [5] Raffaeli's Background - Raffaeli's career includes significant roles in real estate finance and brokerage operations, with early experience at Merrill Lynch Realty and leadership positions at Chase/Chemical Bank [3] - Currently, she serves as CEO and Managing Director at Hamilton White Group LLC and Soho Venture Partners Inc., focusing on financial strategies and investments [2] - Raffaeli also oversees a $500 billion asset manager at Abrdn PLC, with a notable global real estate portfolio [2] Strategic Focus - Raffaeli expressed enthusiasm for joining RE/MAX, emphasizing the company's focus on innovation, strategic growth, and support for franchisee success [4] - She aims to contribute to enhancing technological capabilities, expanding market reach, and fostering an entrepreneurial culture within the real estate and mortgage brokerage industries [4]