Stephen Merkel Appointed Chairman of Newmark's Board of Directors

Group 1 - Newmark Group, Inc. has appointed Stephen Merkel as the new Chairman of the Board of Directors following Howard W. Lutnick's resignation due to his confirmation as the 41st Secretary of Commerce [1][2] - Stephen Merkel has been with Newmark since its acquisition by BGC Partners and will continue to serve as Executive Vice President and Chief Legal Officer [2][3] - Kyle Lutnick, previously Global Managing Director of Knotel, Inc., will join the Board of Directors [6] Group 2 - Stephen Merkel has over 30 years of experience and has been a close advisor to Howard Lutnick, indicating strong leadership continuity within the company [3] - Merkel's background includes significant roles at Cantor Fitzgerald and Goldman Sachs, enhancing his qualifications for the Chairman position [4] - Newmark generated revenues of nearly $2.8 billion for the twelve months ended December 31, 2024, and operates approximately 170 offices with over 8,000 professionals globally [8]