Realogy Appoints Two New Independent Members to Its Board of Directors
Jessica Bibliowicz and Fiona Dias Give Realogy Board a Majority of Independent Directors
MADISON, NJ - (Marketwired - Jun 26, 2013) - Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services, announced the appointments of Jessica M. Bibliowicz and Fiona P. Dias to its Board of Directors, effective today. Bibliowicz is a veteran financial services executive and served as Chief Executive Officer of National Financial Partners Corp., a provider of corporate benefits, insurance and wealth management services, from 1999 until May 2013 and as its Chairman from 2003 until June 2013. Dias is currently Chief Strategy Officer of ShopRunner, an online shopping service, and has held this position since August 2011. She has extensive experience in digital strategy, marketing and disruptive technology in past executive leadership roles with such leading companies as GSI Commerce, Inc., Circuit City Stores, Inc., PepsiCo, Inc., Pennzoil-Quaker State Company and The Procter & Gamble Company.
Concurrent with the appointments of Bibliowicz and Dias to the Realogy Board, the Company announced the resignation of Scott M. Kleinman from its Board. Kleinman, who is Lead Partner, Private Equity, with Apollo Global Management LLC (NYSE: APO), had served as a Realogy Director since April 2007.
"Jessica brings to the Board a vast and highly successful track record as the CEO of a diverse, publicly traded financial services company," said Richard A. Smith, Realogy's chairman, chief executive officer and president. "Under her leadership, National Financial Partners grew into a leading provider of broker/dealer and registered investment advisory services, corporate health and welfare benefits, insurance and wealth management."
"Fiona's extensive e-commerce experience in both traditional brick-and-mortar and Internet-based business models will add depth to our strategic planning," said Smith. "Her GSI Commerce experience alone offers our Board rich e-commerce expertise across a broad range of service and brand-based industries."
"The Board recognizes and extends its appreciation to Scott for his service and contributions to our Company and the Board during the past seven years," said Smith.
Both Bibliowicz and Dias have been determined to be independent directors for purposes of the listing standards of the New York Stock Exchange. With their appointments, Realogy now has a majority (five) of independent members on its nine-member Board.
About Jessica Bibliowicz
Jessica M. Bibliowicz is a veteran financial services executive who served as CEO of National Financial Partners Corp. (NFP) from 1999 until May 2013, and as the company's Chairman of the Board from 2003 until June 2013. She took NFP public on the New York Stock Exchange in September 2003, a distinction the company held for 10 years. NFP will become a privately held company in a merger transaction that is expected to close on July 1, 2013. NFP was recently ranked eighth on Business Insurance's 100 Largest Brokers of U.S. Business and ninth largest global broker by AM Best.
Prior to joining NFP, Bibliowicz served as president and chief operating officer of John A. Levin & Co., a registered investment advisor. Her career in the financial services industry began in 1981 with Shearson Lehman Brothers. Among other accolades, Bibliowicz was honored as the "Innovator of the Year" by American Banker in 2003.
Bibliowicz is a member of the Board of Trustees for Cornell University, a member of the Cornell NYC Tech Campus Task Force, a member of the Board of Overseers of the Weill Medical College and Graduate School of Medical Sciences of Cornell University and a member of the Board of Directors of Lincoln Center Theater. She is also a member of the Board of Directors for the Asia Pacific Fund and previously served as a Director for Eaton Vance Mutual Funds.
About Fiona Dias
Fiona P. Dias is currently Chief Strategy Officer of ShopRunner, an online shopping service, and has held this position since August 2011. Previously she served as Executive Vice President, Strategy & Marketing, of GSI Commerce, Inc., a provider of e-commerce and interactive marketing services for leading retailers and brands, from February 2007 to June 2011, when it was acquired by eBay.
Dias also served as Executive Vice President and Chief Marketing Officer at Circuit City Stores, Inc., a specialty retailer of consumer electronics, from May 2005 to August 2006, while serving as President of Circuit City Direct from 2003 to 2006. She also held Senior Vice President positions at Circuit City from November 2000 to April 2005. Prior to 2000, Dias held senior marketing positions with PepsiCo, Inc., Pennzoil-Quaker State Company and The Procter & Gamble Company.
Dias is a member of the Board of Directors for Advance Auto Parts (NYSE: AAP), an automotive parts retailer, serving from September 2009 to present. Previously, she served as a director of Choice Hotels International, Inc., a hotel franchisor, from November 2004 to April 2012, where she served as chair of its diversity committee.
About Realogy Holdings Corp.
Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising with company-owned residential 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®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,600 offices with 239,000 independent sales associates doing business in 102 countries around the world. Realogy is headquartered in Madison, N.J.
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