Rick Davidson Adds Role of Chief Operating Officer For Coldwell Banker Real Estate

February 12, 2009 // Franchising.com // PARSIPPANY, N.J. -- Coldwell Banker Real Estate LLC announced today that Rick Davidson, president and chief operating officer for Coldwell Banker Commercial Affiliates, will assume the additional role of chief operating officer for Coldwell Banker Real Estate effective today. In his expanded role, Davidson will direct the operations, education, mortgage, field services programs and communication across the Coldwell Banker 3,700-office affiliate network around the world.

"With Rick Davidson overseeing Coldwell Banker's residential and commercial operations globally, we will have greater influence on the way these two world-class brands interact and synergize in building on their combined market position," said Jim Gillespie, president and CEO for Coldwell Banker Real Estate LLC. "Rick is a strong and dedicated leader who has nearly 20 years of affiliation with the Coldwell Banker brand, and I am confident that his expertise will help strengthen our operations."

Davidson was appointed president and COO of Coldwell Banker Commercial in May 2006, and since then his leadership has been credited with reinventing Coldwell Banker Commercial and its value proposition. He was also previously responsible for the regional operations of Coldwell Banker Commercial in Washington, D.C., for 10 years prior to founding his own Coldwell Banker Commercial affiliate company in 2003.

Davidson is a licensed real estate broker in Maryland, Virginia and Washington, D.C., and is a recognized leader in the real estate community. He is also a dedicated mentor to young professionals and has been recognized by Big Brothers Big Sisters for his charitable work and contributions to that organization.

Davidson replaces Charlie Young who has accepted an operations role within the Realogy organization. "Charlie has made significant contributions to Coldwell Banker since joining the brand in 2004, and we wish him well with his new endeavors."

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier full-service real estate provider. In 2008, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,700 residential real estate offices and 108,000 sales associates in 47 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International® division. It is a pioneer in consumer services with its Coldwell Banker Concierge® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

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