Realogy Appoints Independent Board Member; V. Ann Hailey to Chair the Company's Audit Committee
PARSIPPANY, N.J.--(BUSINESS WIRE)--Realogy Corporation, a leading global provider of real estate and relocation services, announced that its Board of Directors has appointed V. Ann Hailey as an independent member of its Board of Directors, effective February 4, 2008. Ms. Hailey is also expected to serve as the Chairman of Realogy's Audit Committee upon its formation in the near future.
Ms. Hailey, age 56, is a retired Executive Vice President of LimitedBrands where she served as EVP, Chief Financial Officer from August 1997 until April 2006. She then served as EVP, Corporate Development until September 2007. She also served as a member of the LimitedBrands Board of Directors from 2001 to 2006.
"We are pleased to have someone of Ann's caliber join our Board of Directors," said Richard A. Smith, president & CEO of Realogy Corporation. "She brings a wealth of business experience and financial acumen to the role, and we look forward to her contributions to the Board."
Prior to joining Limited Brands in 1997, Ms. Hailey was Senior Vice President and Chief Financial Officer of Pillsbury Company. She is also a Director and Chair of the Audit Committee of the Federal Reserve Bank of Cleveland. Ms. Hailey is a Director of W.W. Grainger, Inc. and serves as a member of its Audit Committee and Board Affairs and Nominating Committee.
About Realogy Corporation
Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's world-renowned 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®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise systems have approximately 15,000 offices and 315,000 sales associates doing business in 87 countries around the world. Headquartered in Parsippany, N.J., Realogy (www.realogy.com) has approximately 13,000 employees worldwide. Realogy is owned by an affiliate of Apollo Management, L.P., a leading private equity and capital markets investor. To receive future Realogy news releases, you can sign up for an e-mail subscription or secure a link for your RSS reader at www.realogy.com/media.