Former Chief Financial Officer of SuperValu Inc. Appointed as Independent Board Member
MADISON, N.J., Dec. 10, 2014 // PRNewswire // -- Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services, today announced the appointment of Sherry M. Smith to its Board of Directors and a member of its Audit Committee. The Board also designated Ms. Smith as an "audit committee financial expert," a designation that has been made for all four members of the Realogy Audit Committee.
Most recently, Ms. Smith served as chief financial officer and executive vice president of SuperValu Inc. (NYSE: SVU), a $17 billion grocery retailer and food distributor headquartered in Eden Prairie, Minnesota, where she played a critical leadership role in finance and related functions, including strategic initiatives, acquisitions and business transformation activities. A certified public accountant, Ms. Smith brings significant financial management experience, having progressed through various leadership roles in her 25-year career with SuperValu including treasurer, corporate controller and senior vice president of finance prior to her role as a public company chief financial officer.
She also has experience as a public company director. Since December 2011, she has served on the Board of Directors of Deere & Company, where she is a member of the audit review and pension plan oversight committees, and Tuesday Morning Corporation since April 2014, where she serves as a member of the audit and compensation committees.
"We are pleased to welcome Sherry Smith as an independent director on our Board," said Richard A. Smith (no relation), Realogy's chairman, chief executive officer and president. "She brings strong leadership qualities and a wealth of knowledge and experience in all facets of financial management, which will serve our Board and Audit Committee well."
Ms. Smith served as chief financial officer and executive vice president at SuperValu from December 2010 until August 2013. She previously served as the company's senior vice president of finance from 2006 until 2010, and before that as senior vice president of finance and treasurer from 2002 until 2005, and in various other capacities including accounting, audit, controller, compensation, mergers and acquisitions, strategic planning and treasury.
She is a graduate of St. Cloud State University and serves on the St. Cloud State University Foundation, where she is Chair of the audit and finance committee.
With Ms. Smith's appointment, Realogy's Board is now comprised of nine directors, seven of whom are independent directors for purposes of the listing standards of The New York Stock Exchange, and four of whom are women.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising with company-owned real estate brokerage operations doing business under its franchise systems as well as relocation and title services. Realogy's brands and business units include Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, ZipRealty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,400 offices with more than 250,000 independent sales associates doing business in 105 countries and territories around the world. Realogy is headquartered in Madison, N.J.
SOURCE Realogy Holdings Corp.
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.