Publicly-traded real estate franchise giant Re/Max Holdings Inc. has filled a vacancy on its board of directors created by the retirement of CEO Margaret Kelly, naming Christine Riordan, the president-elect of a Long Island, New York-based university, to fill the position.
Riordan, who takes over as president of Adelphi University on July 1, joins Re/Max co-founders Dave and Gail Liniger on the company’s 11-member board.
Riordan has ties to Re/Max’s home base of Denver, having served as dean and professor of management at the University of Denver Daniels College of Business from 2008 to 2013.
Most recently Riordan, who holds a doctorate in organizational behavior and an MBA from Georgia State University, was executive adviser, provost and professor of management at the University of Kentucky.
Riordan’s “extensive experience leading a variety of organizations will add a valuable perspective to our board of directors and benefit the future direction of Re/Max,” Dave Liniger said in a statement. Liniger, who is chairman of the Re/Max board, stepped up as CEO after Kelly retired at the end of 2014.
In a regulatory filing, Re/Max said Riordan will be compensated $60,000 a year for serving on the board, and $12,500 for sitting on its audit committee. She and other board members who are not employed by Re/Max will also be granted $50,000 in restricted stock this year, the company said.
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