Leadership Changes at Douglas Elliman
In a surprising turn of events, the president of Douglas Elliman has been dismissed, just days after the unexpected retirement of Howard Lorber, the chief executive officer of the parent company. This significant leadership shakeup was revealed in a filing with the Securities and Exchange Commission on Monday morning, marking a tumultuous period for one of the nation’s largest real estate firms.
Scott Durkin, who had been with Douglas Elliman for nearly nine years, served as president and chief executive officer of its brokerage division, Douglas Elliman Realty. He reported directly to Mr. Lorber until last week, when Lorber stepped down from his role.
Durkin’s tenure began in 2015 when he joined the company as an executive vice president after accumulating over two decades of experience at the Corcoran Group, a prominent competitor in the real estate sector. His rapid ascent within Douglas Elliman was notable; he became chief operating officer within less than a year and subsequently took on the role of president in 2017.
As for his departure, Mr. Durkin was not available for immediate comment, and representatives from Douglas Elliman also did not respond to requests for statements. The company has faced considerable challenges over the past year, including serious allegations of sexual harassment involving its brokers, as well as financial difficulties that have raised concerns about its stability.
- Scott Durkin’s tenure at Douglas Elliman lasted nearly nine years.
- He joined as an executive vice president in 2015 after a long career at the Corcoran Group.
- Durkin quickly rose to chief operating officer and became president in 2017.
- His exit follows the unexpected retirement of CEO Howard Lorber.
- The company is currently grappling with sexual harassment allegations and financial troubles.
