Realogy Appoints Charlie Young as President & CEO of ERA Franchise Systems LLC

Realogy Appoints Charlie Young as President & CEO of ERA Franchise Systems LLC

April 15, 2009 // // PARSIPPANY, N.J. -- Realogy Corporation, a global provider of real estate and relocation services, today announced the appointment of Charlie Young as president and CEO of ERA Franchise Systems LLC. Young succeeds beloved former president and CEO Brenda W. Casserly, who passed away on April 1 after a long and brave battle with cancer.

"As difficult as it is for us to lose a leader like Brenda, it is extremely reassuring to know that she strongly supported Charlie as her successor," said Alex Perriello, president and CEO of the Realogy Franchise Group, to whom Young will now report. "I am confident that Charlie is up to the challenge of carrying on ERA's 'Always There For You' legacy, as well as the continued strategic growth and development of the ERA franchise system. I'm pleased that the ERA family already has embraced him so warmly."

Young joined the ERA Real Estate executive team earlier this year as chief operating officer. In his new role, Young will be responsible for enhancing the ERA value proposition and the implementation of growth and profitability strategies for its member brokers across a 2,800-office network worldwide.

Young has more than 20 years of experience in business management, field operations, marketing and real estate operations. Before coming to ERA in 2009, he spent five years with Coldwell Banker Real Estate LLC, most recently as its chief operating officer after joining that brand as senior vice president of marketing.
While there, he spearheaded several innovative programs that served as industry firsts while establishing himself as a recognized industry speaker.

Previously, Young was vice president for then Cendant Mortgage (now PHH Mortgage), working with brokers to implement private-labeled mortgage programs. He has also held executive positions at Frequency Marketing Inc., Foote, Cone & Belding Direct, Bell Atlantic (Verizon) Directory Services, the New Jersey Nets, and he is a 1987 graduate of Emory University.

About ERA Franchise Systems LLC

ERA Franchise Systems LLC is a global leader in the residential real estate industry with more than 30 years experience in developing consumer-oriented products and services. The ERA network includes more than 33,000 brokers and sales associates and approximately 2,800 offices throughout the United States and 49 other countries and territories. Each office is independently owned and operated. ERA Franchise Systems LLC is a subsidiary of Realogy Corporation.

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. Headquartered in Parsippany, N.J., Realogy is owned by affiliates of Apollo Management, L.P., a leading private equity and capital markets investor.



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